The interaction between value chains of the organization and its suppliers, distributors, and consumers is referred to as:
A) The value chain system
B) 3PL
C) Vertical integration
D) Horizontal integration

Question

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The interaction between value chains of the organization and its suppliers, distributors, and consumers is referred to as the value chain system. Choice B, 3PL, refers to third-party logistics providers. Choice C, vertical integration, refers to a company expanding its business by owning or controlling its upstream suppliers and/or downstream distributors. Choice D, horizontal integration, refers to a company expanding its business by acquiring or merging with its competitors in the same industry.

The Interaction Between Value Chains of the Organization and Its