erm

Transaction Costs

The expenses incurred when buying or selling a good or service, beyond its price. It includes search, bargaining, and enforcement costs. Managing these costs is crucial for operational efficiency and risk governance, a principle reflected in standards like ISO 37000 on organizational governance.

Curated by Winners Consulting Services Co., Ltd.

Putting this into practice

Winners Consulting helps organizations turn this concept into workable policies, processes and audit readiness.

Need help with compliance implementation?

Request Free Assessment