True or false: Networking uses technology to link organizations and their suppliers to allow them to work together for a common goal.

Homework Help: Questions and Answers: True or false: Networking uses technology to link organizations and their suppliers to allow them to work together for a common goal.

True or false: Networking uses technology to link organizations and their suppliers to allow them to work together for a common goal.

a) True
b) False

Answer:

First, let’s understand what networking is:

Networking refers to the use of technology to connect computers, devices, or organizations. In a business context, it involves creating links between companies, such as suppliers, manufacturers, and distributors.

Step by Step Answering

  • Networking indeed uses various technologies (like the internet, intranets, etc.)
  • It does link organizations with their suppliers (and often other stakeholders)
  • This linkage allows for collaboration and communication

The purpose of linking organizations and suppliers is often to improve efficiency, streamline operations, and achieve a shared objective (such as fulfilling customer demand or managing supply chains effectively).

Conclusion:

Based on above analysis, the statement accurately describes a key aspect of networking in a business context.

Therefore, the correct answer is:

a) True

Networking does indeed use technology to link organizations and their suppliers, allowing them to work together towards common goals.

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