Which of the Following Statements Is TRUE of Supply Chains

question 3

Multiple Choice

Which of the following statements is TRUE of supply chains?

• A) Supply chains consist only of customers, retailers, distributors, manufacturers, and suppliers.
• B) Not every supply chain has distributors and retailers.
• C) Each element in the supply chain can be connected to only one entity up and down.
• D) The only source of revenue in a supply chain is the retailer.

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Definitions:

Product Orientation

A business philosophy that focuses on the quality and attributes of the product itself rather than customer needs or desires.

Marketing Concept

A business philosophy that emphasizes identifying and meeting the needs and wants of customers as the key to achieving organizational goals.

Production Cycle

The sequence of steps involved in producing a good or service, from the initial concept or design to the final product delivery.

Sales Concept

A marketing strategy that prioritizes making sales and considers customer needs as secondary, focusing on aggressive sales techniques.