When a Firm Links Its Value Chain to the Value

question 17

Multiple Choice

When a firm links its value chain to the value chains of other organizations the linkage creates a(n) :

• A)open- loop system.
• B)cross functional system.
• C)interorganizational system.
• D)value system.

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Definitions:

Expertise

The skill, knowledge, or proficiency acquired through experience or education in a specific field.

Social Forces

The societal influences that affect the actions, behaviors, and attitudes of individuals or groups within a culture or organization.

Technological Developments

Advances in technology that improve processes, create new products, or enhance the way tasks are performed.

Nutritious Items

Foods or substances providing essential nutrients necessary to maintain health and growth.