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Describe Informal Linkages

question 42

Essay

Describe informal linkages. How are they different from vertical linkages?


Definitions:

Proposal

A formal offer or plan put forward for consideration or discussion by others.

Obligations

Duties or commitments imposed by law, contract, or one's conscience.

Governmental Contracts

Legal agreements between government entities and private parties or other government agencies, primarily for the procurement of goods, services, or construction.

Promissory Estoppel

A legal principle that prevents a promisor from retracting a promise when the promisee has reasonably relied on that promise to their detriment.

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