____ describe the relationships of a firm's value chain activities that are performed with its suppliers and customers.
A)External linkages
B)Internal linkages
C)Industrial value chain
D)Both a and b

Question

Quizplus · Accepted Answer

External linkages refer to the relationships between a firm's value chain activities and its external entities - suppliers and customers. Thus, option A is the correct answer. Internal linkages, on the other hand, refer to the relationships between a firm's value chain activities. Industrial value chain refers to the entire set of value-creating activities and firms involved in a specific industry. Option D is incorrect because it includes both external and internal linkages, which may create confusion with regards to the specific question asked in the prompt.

____ Describe the Relationships of a Firm's Value Chain Activities