Two or more groups that come together and act jointly with respect to some set of issues for some period of time are using the cooperative strategy of cost minimization management approach.
Cost minimization is known to be a kind of a financial strategy that is known to be used so as to be able to attain the most cost-effective means of producing goods and services to the needed level of quality.
Note that It is vital to remember that cost minimization is not about reducing quality and as such, Two or more groups that come together and act jointly with respect to some set of issues for some period of time are using the cooperative strategy of cost minimization management approach.
Learn more about cost minimization from
https://brainly.com/question/8006883
#SPJ1
