The _____________ Is Thought of as an Overarching System of Formal

question 52

Multiple Choice

The _____________ is thought of as an overarching system of formal and informal relationships, within which the firm participates to procure, transform and enhance, and ultimately supply its offerings in final form within a market space.

• A) Value network
• B) Virtual organization
• C) Network organization
• D) Value chain
• E) Intermediaries

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Definitions:

Supply Chain Management

The management of the flow of goods and services from the initial production of a product through to its delivery to the end consumer.

Customer Relationship Management

A strategic approach that uses data analysis and customer interactions to improve business relationships and customer satisfaction.

Intranet

A private network used within an organization to share information, operational systems, or computing services only among employees.

Performance-oriented Culture

A work environment where the emphasis is on achieving results and employees are encouraged to strive for excellence and continuous improvement.