Regarding the Value-Chain Concept,the Most Important Interrelationship Is Between the Organization

question 67

Multiple Choice

Regarding the value-chain concept,the most important interrelationship is between the organization and its

• A) board of directors.
• B) employees.
• C) customers.
• D) management.

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Definitions:

Insourcing

involves bringing processes or services back in-house, which were previously outsourced to external companies.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business operation.

Foreign Subsidiary

A company that is owned or controlled by another company, known as the parent company, but operates in a country different from where the parent company is established.

Franchising

The payment of a fee to a foreign business for rights to locally operate using its name, branding, and methods.