Question

A network of firms providing different parts of a value-chain in the production of a product or service is known as

Answer 1

Answer:

Co_specialization

Explanation:

Co- Specialization is a network of firms providing different parts of a value-chain in the production of a product or service

Answer 2

It is known as Co-specialization.

• This is a regular occurrence in high-tech markets.
• It takes into account the contractual relationships, rather than absolute ownership, bind businesses.
• A network of enterprises supplies various portions of a value chain in the manufacture of a commodity in this scenario.
• For example: A mobile phone maker, may hire another company to build the phone software and a third company to design the user interface icons.