The _____________ 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.

Question

Quizplus · Accepted Answer

The term "value network" refers to the overall system of relationships and interactions that a firm engages with in order to procure, transform, and supply its products or services to a market. This includes suppliers, distributors, partners, and other stakeholders who contribute to the firm's value creation process. The other options (B, C, D, E) do not adequately capture this concept.

The _____________ Is Thought of as an Overarching System of Formal