The Value Chain Usually Starts with the ________ and Ends

question 54

Multiple Choice

The value chain usually starts with the ________ and ends with the ________.

• A)Supplier,customer.
• B)Retailer,wholesaler.
• C)Customer,retailer.
• D)Retailer,customer.

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Definitions:

Implied Authority

Authority of an agent that is not explicitly stated but is deemed necessary to carry out express authority.

Duty of Performance

An obligation of a party in a contract to fulfill the terms and conditions as agreed within the contract.

Reasonable Skill

A term used to describe the level of competence that a professional or practitioner is expected to display in their field, often used in legal contexts to establish standards for professional services.

Fiduciary

A person who holds a position of trust, required to act for the benefit of another party with respect to specific duties.