Clarify Exchange Medium

With this activity, the design team identifies a number of remuneration options for the service “payment”. The basic question is, “how will the service be remunerated?”, what are the channels for “reward”? A number of ways exist that a service can be remunerated for. One of those for example, is tit-for-tat.

History

Medium of exchange are the options of the service remuneration, or the “payment”. The basic question is, “how will the service be renumerated?”, what are the channels for “reward”? A number of ways exist that a service can be renumerated for. One of those for example, is tit-for-tat (Engwall & Wallenstal, 1988). At this stage it is important to see weather the service is going to be a cost-centre or a profit-centre (DRURY, 2013).

Examples

References

Engwall, L. and Wallenstål, M., 1988. Tit for tat in small steps: the internationalization of Swedish banks. Scandinavian Journal of Management, 4(3-4), pp.147-155.
DRURY, C.M., 2013. Management and cost accounting. Springer.