The term supply chain refers to the ways a firm coordinates activities along its entire value chain from component suppliers to retailers.

Question

Quizplus · Accepted Answer

This is the correct definition of supply chain. It involves managing and optimizing the flow of goods, services, and information from suppliers to customers, with the ultimate goal of delivering value to end consumers at the lowest possible cost while maintaining quality and timely delivery.

The Term Supply Chain Refers to the Ways a Firm