Concerning the "supply chain," which of the following statements is true?
A) Supply chains are so closely associated with high prices that many retailers are dropping out of supply chains and performing the functions themselves.
B) Most supply chains will disappear within the next decade, as all merchandise will soon be purchased directly from manufacturers.
C) Supply chains do not aid the retailer in providing possession, form, or place utility, for the final consumer.
D) Profits sufficient for survival and growth will be difficult for a retailer to achieve without being part of an efficient, effective supply chain.
E) Supply chains seldom change over time.

Question

Quizplus · Accepted Answer

Being part of an efficient, effective supply chain is crucial for a retailer's profits and growth. Without the supply chain, retailers may struggle to achieve the necessary profits to survive and expand. Options A and B are both false, as supply chains are not necessarily linked to high prices, and they are not expected to disappear anytime soon. Option C is also false, as supply chains do aid retailers in delivering possession, form, and place utility to the final consumer. Option E is also false, as supply chains are constantly evolving and changing over time.

Concerning the "Supply Chain," Which of the Following Statements Is