Which of the Following Is the Most Accurate Description of a Value

question 51

Multiple Choice

Which of the following is the most accurate description of a value network?

• A) A system of partnerships and alliances that a firm creates to source, augment, and deliver its offerings.
• B) A system of organizations and resources involved in moving a product from supplier to customer.
• C) An arrangement whereby an organization transforms inputs into finished goods.
• D) A network that allows an organization take the finished products to the end-users.
• E) A communication network that allows an organization to transfer information to end-customers.

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Definitions:

Enforcement

The act of compelling compliance with a law, regulation, agreement, or ruling, often by a governing body or authoritative entity.

Work-Related Contracts

Agreements that are specifically tied to employment or professional services between two or more parties.

Intoxication

A state of being under the influence of alcohol or drugs to a degree that mental and physical faculties are significantly impaired.

Voidable

A term describing a legal agreement that may be declared invalid by one of the parties due to certain conditions not being met or due to the presence of coercion, misrepresentation, or fraud.