A Firm's Value Chain Is Linked to The

question 4

Multiple Choice

A firm's value chain is linked to the:

• A)value webs of its industry.
• B)value chains of its suppliers, distributors, and customers.
• C)value webs of its suppliers and distributors.
• D)value chains of its suppliers and customers.

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Definitions:

Freight Charge

The cost incurred for transporting goods between places, typically charged by carriers for shipments.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue; also known as net earnings or net profit.

Sales Discounts

Reductions in the price of a product or service offered to incentivize prompt payment by the customer.

Sales Returns

Transactions in which customers return previously purchased merchandise, leading to a refund.