Discuss the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace. What are the primary advantages and disadvantages of using this method to acquire inputs. Give an example© BrainMass Inc. brainmass.com October 9, 2019, 7:48 pm ad1c9bdddf
Spot Exchange will be suitable in this case. The possible features of spot exchange are:
- Most straightforward way to procure inputs
- Used when input is standardized
- Firms take advantage of ...
The method for procuring a modest numbers of standardized inputs are determined.