The various firms involved in performing the activities required to create and deliver a product or service to ultimate consumers or industrial users is referred to as

Question

Quizplus · Accepted Answer

A supply chain refers to a network of various firms and organizations that are involved in the creation and delivery of a product or service to the end customer. This includes all the activities from sourcing raw materials to delivering the final product to the customer. Distribution management, logistics, and value chain optimization are all important elements of a supply chain, but they do not encompass the entire network of firms involved in the process. Strategic distribution is a component of distribution management and focuses specifically on the strategic planning and execution of distribution activities.

The Various Firms Involved in Performing the Activities Required to Create