Identify one decision that you made in the Introduction (for example, to attend the football game). List all of the tradeoffs of that decision. In your list, write your opportunity cost of that decision in all capitalized letters. Then explain why this is your opportunity cost. Text to speech

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.