The "supply chain" concept refers to the idea that distribution can usually be reduced if the firm that is the "weakest link" in the channel of distribution is eliminated.

Question

Quizplus · Accepted Answer

The "supply chain" concept refers to the interconnected network of businesses, individuals, and activities involved in the creation and distribution of a product or service. It is not focused on eliminating the weakest link, but rather on optimizing the flow of goods, services, and information to minimize costs and improve efficiency. Eliminating a weak link may not necessarily reduce distribution if other factors in the supply chain are not optimized.

The "Supply Chain" Concept Refers to the Idea That Distribution