Since all partners in a value chain benefit when value is added, partners ideally should ________.
A)collaborate closely
B)work independently of one another
C)be dependent only on their narrow local part of the chain
D)collaborate with every other part of the chain

Question

Quizplus · Accepted Answer

Collaborating closely ensures that partners understand each other's needs, capabilities, and limitations. This helps to identify areas where value can be added and address any issues that may arise. Working independently or being dependent only on their narrow local part of the chain may lead to sub-optimal outcomes and missed opportunities for value creation. Collaborating with every other part of the chain may not be efficient, especially in large and complex value chains. Therefore, option A is the best choice.

Since All Partners in a Value Chain Benefit When Value