Which One of the Following Is True for Supply Chain

question 18

Multiple Choice

Which one of the following is True for supply chain management?

• A) Supply chain applies to both manufacturing and service organizations.
• B) Supply chain applies only to manufacturing because it deals with flow of materials.
• C) Supply chain is about suppliers and does not include distributors or customers.
• D) Supply chain includes any operation that deals with materials.

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Definitions:

Business Ownership

The legal right or status of possessing a company or trade, encompassing sole proprietorships, partnerships, corporations, and other entity structures.

Advantages

Benefits or favorable aspects that contribute to achieving success in a certain context, often used to compare options in decision-making processes.

Agency Costs

Agency costs arise from conflicts of interest between managers and shareholders, leading to expenses that do not necessarily benefit the shareholders.

Market Share

The portion of a market controlled by a particular company or product, expressed as a percentage of total sales volume in a particular industry.