Match these concepts related to valuing vertical integration. You will use terms more than once.
a. opportunism
b. flexibility
c. leverage capabilities
low when the cost of changing strategic choices is high
exchange partner demands a higher price than what was originally negotiated
firm should vertically integrate into activities where resources and capabilities meet the VRIO framework requirements
this is greatest when a party makes transaction-specific investments
how costly is it for a firm to alter strategic and organizational decisions
exists when a firm is unfairly exploited in an exchange