In its fundamental form,a ____ consists of three phases: procurement of raw materials,processing the materials into intermediate and finished goods,and delivery of the goods to customers.
A) supply chain
B) sales chain
C) supply link
D) sales link

Question

Quizplus · Accepted Answer

A supply chain is made up of three phases: procurement of raw materials, processing the materials into intermediate and finished goods, and delivery of the goods to customers. A sales chain or sales link describes the pathway between a business and its customers, but does not typically include the procurement and processing of raw materials. Similarly, a supply link suggests a connection between different elements of the supply chain, but does not encompass all three phases.

In Its Fundamental Form,a ____ Consists of Three Phases: Procurement