A(n) ________ 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) business conglomerate
D) organic organization
E) tall organization

Question

Quizplus · Accepted Answer

A value network refers to the complex system of relationships and interactions between firms, customers, suppliers, and other stakeholders that work together to create, deliver, and capture value in a particular market. It is a broader concept than a typical supply chain or business ecosystem and emphasizes the importance of collaboration, knowledge sharing, and mutual trust among network members. A value network view can help firms identify new business opportunities, optimize their operations, and differentiate themselves from competitors.

A(n) ________ Is Thought of as an Overarching System of Formal