Which of the Following Is True About Networks

question 39

Multiple Choice

Which of the following is true about networks?

• A)Networks are neither formal organizations with clearly defined hierarchical structures nor impersonal, decentralized markets.
• B)In networks, buyers and sellers share no linkages and rarely interact with each other.
• C)In a network, continued interaction among partners leads to competition and rivalry that bring down productivity.
• D)Networks represent the economically beneficial short-term relationships the firm undertakes with other business entities.

---

Definitions:

Increase Profits

A strategy or objective focused on enhancing the net financial gain a company receives from its operations.

Mnemonic Device

A memory aid, often a pattern of letters, ideas, or associations that assist in remembering something.

Marketing Objectives

Goals set by a company to promote its products or services and achieve a competitive advantage.

Customer Satisfaction

A measure of how products or services meet or surpass customer expectations, crucial for retaining customers and generating positive word-of-mouth.