What is the definition of a supply chain in a business context?

A A hierarchy of leadership within a company Correct Incorrect

B A collection of businesses that provide goods to each other Correct Incorrect

C A network of organizations involved in producing and distributing a product Correct Incorrect

D The total amount of a product available in a market Correct Incorrect

Detailed Solution

A supply chain refers to the entire network of entities, including suppliers, manufacturers, distributors, logistics providers, and retailers, that work together to design, produce, and deliver a product to the end customer. It encompasses all the stages and processes involved in transforming raw materials into a finished product and getting it to the market.

Practice Next

More Economics Questions

  Which bank has been awarded the global 'Celent Model Bank' award under the category – 'Payments System Transformation'?
Which of the following institutions have wrote the book ‘Healthy Recipes for Defence’?
Which one of the following is not one of the main objectives of the (Special Economic Zones Act) SEZ Act 2005?
What function do commercial banks in India perform?
NPS for traders provide a monthly minimum assured pension of what amount after attaining the age of 60 years?
What does the term "budget set" in economics refer to?
Atal Bhujal Yojna is being implemented in how many states?
Priority Sector lending actually means lending to
What is the base year currently used for the calculation of the Wholesale Price Index (WPI) in India?
Which of the following defines 'seasonal unemployment'?

Relevant for Exams:

SSC CGL
Railway Group D Recruitment

Hey! Ask a query

Please enter email id The email must be a valid email address.

Please enter Mobile Number Please enter valid Mobile Number

Please enter your Doubt

Thank You for posting your query. Please check your email for further guidance.

What is the definition of a supply chain in a business context?

Detailed Solution

More Economics Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login