A Network of Organizations and Business Processes for Procuring Raw

question 13

Multiple Choice

A network of organizations and business processes for procuring raw materials,transforming these materials into intermediate and finished products,and distributing the finished products to customers is called a(n) :

• A)distribution channel.
• B)supply chain.
• C)value chain.
• D)marketing channel.
• E)information system.

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Definitions:

Assumptions

Implicit beliefs or statements taken to be true without proof, used as a basis for reasoning or conduct.

Incrementalist

An individual who advocates for or implements small, gradual changes or adjustments, especially in policy or strategy.

Intelligence

The ability to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

Academic Skill

Abilities or competencies in learning and performing well in educational settings, encompassing both intellectual and practical skills.