Cost minimization and opportunity maximization are the primary goals of a cooperative strategy. Yes, firms can use both to be achieved simultaneously.
Cost-minimization technique:- the firm develops formal contracts with its partners. Those contracts specify how the cooperative method is to be monitored and how associate conduct is controlled. The aim of this method is to reduce the cooperative method’s cost and to save you opportunistic behavior by way of partners.
The opportunity-maximization technique:- focuses on a partnership’s value-advent opportunities. In this case, companions are prepared to take advantage of unexpected opportunities to analyze from every other and to explore extra marketplace place opportunities. Much less formal contracts, with fewer constraints on partners’ behaviors, make it viable for partners to discover how their assets and capabilities may be shared in a couple of value-creating ways.
Both be done simultaneously:- firms can effectively use both approaches to manage cooperative techniques. But, the fees to display the cooperative approach are extra with price minimization, in that writing certain contracts and the use of sizable tracking mechanisms is high-priced, even though the approach is meant to reduce alliance costs.
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Answer:
Option (B) is correct.
Explanation:
Economic growth is defined as an increase in the production or output of goods and services in an economy from one period to another period. According to the principle of diminishing returns to capital, if more capital employed in the production of certain goods and services and other factors of production remains the same then as a result per unit of output goes on diminishing.
Hence, this change in the production level slows down the economic growth or even stop the economic growth of a nation.
Answer:
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Answer:
Since West Nile virus was discovered in the United States in 1999, the virus has been detected in over 300 species of dead birds. Although some infected birds, especially crows and jays, frequently die of infection, most birds survive.
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Answer: captian john Smith
Explanation:
Captain john Smith was a leader for southern colonies
