A _____ is defined as a set of institutions that moves goods from the point of production to the point of consumption.
A) retail system
B) transporter
C) supply chain
D) franchisee
E) value chain

Question

Quizplus · Accepted Answer

A supply chain refers to the whole set of institutions, organizations, and individuals involved in transporting goods from the point of production to consumption. It includes manufacturers, wholesalers, distributors, retailers, and logistics providers that work together to move the products. A retail system is only a part of the supply chain that focuses on selling goods to end customers. A transporter is a company that transports goods, but it does not necessarily involve other institutions in the supply chain. A franchisee is a person who runs a franchise business under a parent company's license. A value chain is a series of activities that a company uses to create and deliver a valuable product or service to the market. It is broader than the supply chain as it includes activities such as research and development, marketing, and customer service.

A _____ Is Defined as a Set of Institutions That