Question

The Microsoft/Nokia alliance that had hundreds of pages to specify each partner's responsibilities would be closest to the _______ approach to managing cooperative ventures. In contrast, the Renault/Nissan alliance (Chapter 9 Mini Case) was based on trust, respect, and transparency and is an example of the ________ approach to managing cooperative ventures.a.cost minimization; opportunity maximizationb.opportunity maximization; cost minimizationc.cost maximization; opportunity minimizationd.bureaucratic; organic

Answer 1

Answer:

The correct answer is a. cost minimization; opportunity maximization

Explanation:

Cost minimization attempts to answer the fundamental question of how to select production factors in order to produce goods with a minimum cost.

The isocoste line of a company shows the cost of contracting production factors. This line gives us all possible combinations of factors of production (here work and capital) that can be purchased while maintaining a given budget.

When we are faced with a business opportunity within a company, the first thing we have to do is not miss it, because surely that opportunity will not arise again and we will stop to let it go. Once we have made an analysis as to what benefits the opportunity can leave us, we must raise it to the maximum, channeling the available resources towards the most attractive possibilities in order to achieve the best results.