What occurs when steps are added to the value chain as new players find ways to add value to the business process?

Question

Business

Jon Bean

8 July, 01:41

What occurs when steps are added to the value chain as new players find ways to add value to the business process?

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Answers (2)

Know the Answer?

Julien Coleman · Answer 1

The correct answer is letter "C": reintermediation.

Explanation:

In business, Reintermediation involves adding new intermediaries between customers and suppliers providing services to fasten or ease their regular distribution processes. Usually, the term involves talking about the ways Information Technology (IT) or the internet is used in retailing to make consumers reach sellers.

Zara Melendez · Answer 2

A. Intermediaries

B. Disintermediation

C. Reintermediation

D. Cybermediation

Answer:

C. Reintermediation

Explanation:

-Intermediary refers to a party that acts as a link between two other parties to reach an agreement.

-Disintermediation is when intermediaries are removed in a supply chain.

-Reintermediation is when new intermediaries are introduced in a supply chain.

-Cybermediation is when there is an intermediary over the web.

According to this, the answer is that reintermediation is what occurs when steps are added to the value chain as new players find ways to add value to the business process.