A network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and finished products, and distributing the finished products to customers is called a
A) distribution channel.
B) supply chain.
C) value chain.
D) marketing channel.

Question

Quizplus · Accepted Answer

A supply chain involves all of the steps and organizations involved in getting a product or service from the supplier to the customer, including procurement, production, and distribution. A distribution channel is a subset of the supply chain that focuses specifically on the process of getting the finished product to the customer. A value chain refers to the set of activities that a company engages in to create value for its customers. A marketing channel is another term for a distribution channel, focusing specifically on the process of getting a product from the producer to the end customer.

A Network of Organizations and Business Processes for Procuring Raw