The group of firms and set of techniques and approaches firms use to make and deliver a given set of goods and services is commonly referred to as:
A)stock iodation.
B)demand optimization.
C)inventory control.
D)demand chain.
E)supply chain.

Question

Quizplus · Accepted Answer

The term "supply chain" refers to the group of firms and set of techniques and approaches firms use to make and deliver a given set of goods and services. Therefore, option E is the correct answer. Option A (stock iodation) is not a valid term, option B (demand optimization) refers to a specific aspect of marketing and sales, option C (inventory control) is a narrower term that only concerns managing inventory levels, and option D (demand chain) is not a commonly used term in this context.

The Group of Firms and Set of Techniques and Approaches