Which of the following is the most accurate description of a value network?
A) a system of partnerships and alliances that a firm creates to source, augment, and deliver its offerings
B) a system of organizations and resources involved in moving a product from supplier to customer
C) an arrangement whereby an organization transforms inputs into finished goods
D) a network that allows an organization to take the finished products to the end-users
E) a communication network that allows an organization to transfer information to end-customers

Question

Quizplus · Accepted Answer

A value network refers to the network of organizations and partnerships that a firm creates to source, augment, and deliver its offerings. It involves a wide range of stakeholders including suppliers, distributors, customers, and other partners who work together to create and distribute value in the marketplace. Option A accurately describes this concept, while the other options are either too narrow or focus on different aspects of the value creation process.

Which of the Following Is the Most Accurate Description of a Value