OUTLINING THE FACTORS DETERMINING THE ECONOMIC EFFECTIVENESS OF COLLABORATIVE INTERACTION IN BUSINESS

Abstract

The purpose of this article is to explain the popular principle of collaborative business interaction by using the optimal firm size model developed by Oliver Williamson. A company that uses collaborative interaction reduces its production costs by lowering the price of its core capital. The article is based on results from research conducted with budget funds under a government procurement awarded to the Financial University in 2014.