The Entire Collection of Organizations That Move Goods and Services

question 153

True/False

The entire collection of organizations that move goods and services from the source of raw materials to the final consumer is referred to as the supply chain.

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Definitions:

Vertical Merger

A merger between two companies that operate at different levels within the production process of a specific industry.

Diversification

A risk management strategy involving the allocation of investments among various financial assets, industries, or other categories to reduce exposure to any single asset or risk.

Joint Ventures

A type of business agreement involving two or more parties that pool their resources for the purpose of accomplishing a specific task.

Logistics

The detailed organization and implementation of a complex operation involving the movement of goods, services, or information from origin to consumption.