One of the benefits of using the markets is: a.Avoiding coordination issues among two or more companies. b.Make use of economies of scale that our own firm can not achieve for this part of the value chain. c.Lowering the transactions costs involved in internal processes. d.Safeguarding against the loss of valuable private information that our own firm has with regards to its customers.

A market economy refers to the system of the market where the supply and demand decide the…

Answered: One of the benefits of using the…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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	a.	Avoiding coordination issues among two or more companies.
	b.	Make use of economies of scale that our own firm can not achieve for this part of the value chain.
	c.	Lowering the transactions costs involved in internal processes.
	d.	Safeguarding against the loss of valuable private information that our own firm has with regards to its customers.