Which of the Following Is True with Regard to Primary

question 16

Multiple Choice

Which of the following is true with regard to primary firms,first-tier suppliers,and second-tier suppliers?

• A)A first-tier supplier is the primary firm to a second-tier supplier.
• B)A second-tier supplier is the primary firm to a first-tier supplier.
• C)Second-tier suppliers are not as important as first-tier suppliers.
• D)To a primary firm,a first-tier supplier supplies finished goods and a second-tier supplier supplies raw materials.

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Definitions:

External Stakeholders

Individuals or entities outside an organisation that are affected by or have an interest in its operations, such as customers, suppliers, and the community.

Corporate Social Responsibility

A business model that requires companies to operate in a socially responsible way, balancing economic growth with the welfare of society and the environment.

External Stakeholders

Individuals or groups outside an organization who are interested in or affected by the organization's activities, such as customers, suppliers, investors, and the community.

Board Of Directors

A group of elected or appointed members who jointly oversee the activities of a company or organization, making major decisions and setting strategic goals.