The ________ implies that all market players are fully informed on the prices and availability of all inputs, outputs, and manufacturing processes.
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2
individual contribution
When the expenses of locating acceptable inputs and bargaining for each ________ are considerable, the customer saves money by buying the final product from a company.
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3
outside suppliers
The term* outsourcing* refers to a firm that buys inputs from ________.
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4
Market pricing
________, on the other hand, coordinates transactions between businesses, whereas managers coordinate activity inside enterprises.
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5
Vertical integration
________ refers to a company's growth into phases of manufacturing that are sooner or later than its core competencies.
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