A Value Chain Is the Sequence of Business Processes in Which

question 53

True/False

A value chain is the sequence of business processes in which value is added to a product or a service.

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Definitions:

Contract Formation

The process by which parties reach an agreement on the terms of a contract, creating legal obligations.

Master Of The Offer

Refers to the party in a contractual agreement who has the authority and capacity to make the offer to another party.

Terms And Conditions

The set of rules and guidelines that are agreed upon between parties, typically outlining the rights, duties, and limits pertaining to a service or transaction.

Unilateral Contract

An agreement in which one party makes a promise in exchange for an act by another party, without a reciprocal promise being made.