A ________ coordinates a firm's suppliers, distributors, and delivery firms with its own production needs using an Internet-based supply chain management system.
A)value chain
B)value system
C)value web
D)business strategy

Question

Quizplus · Accepted Answer

The term "value web" refers to a network of suppliers, distributors, and delivery firms that work together to support a firm's production needs. This network is typically managed using an Internet-based supply chain management system. Therefore, the best choice is C.

Option A, "value chain," refers to the series of activities and processes that a firm engages in to create value for its customers. Option B, "value system," is similar but includes a broader range of external factors that influence the creation of value. Option D, "business strategy," is a more general term that encompasses a range of decisions and actions that a firm takes to achieve its goals. While supply chain management may be an important part of a firm's business strategy, it is not the only factor to consider.

A ________ Coordinates a Firm's Suppliers, Distributors, and Delivery Firms