Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A third - tier supplier is a supplier who provides goods or services to a second - tier supplier. A second - tier supplier is

A third-tier supplier is a supplier who provides goods or services to a second-tier supplier. A second-tier supplier is a supplier who provides goods or services to a first-tier supplier. A first-tier supplier is a supplier who provides goods or services to a company or organization.
A third-tier customer is a customer who purchases goods or services from a second-tier customer. A second-tier customer is a customer who purchases goods or services from a first-tier customer. A first-tier customer is a customer who purchases goods or services from a company or organization.
A focal firm is a company or organization that is the focus of a study or analysis. The focal firm is usually the largest or most important firm in a particular industry or market.
Examples of third-tier suppliers are farmers who sell their products to a food processor, and truck drivers who sell their services to a transportation company.
Examples of third-tier customers are retail stores that sell products to consumers, and restaurants that serve meals to customers.
Examples of focal firms are Apple Inc. and Walmart Stores

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management A Stakeholder Approach

Authors: R. Edward Freeman

1st Edition

0521151740, 978-0521151740

More Books

Students also viewed these General Management questions