Support Activities in a Value Chain Include the Processes of Finding

question 31

True/False

Support activities in a value chain include the processes of finding vendors, setting up contractual arrangements, and negotiating prices.

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Definitions:

Community Relations

Involves the efforts of a company or organization to establish and maintain a positive relationship with the communities in which they operate.

Authentic Partnerships

Genuine collaborations between individuals, organizations, or companies based on shared values, transparency, and mutual benefit.

Significant Demographic

A notable segment of the population identified by specific characteristics such as age, gender, income, or ethnicity, which is particularly important for targeted marketing or policy-making.

UN Guiding Principles

A global standard for preventing and addressing the risk of adverse impacts on human rights linked to business activity, providing a framework for governments and companies.