Which of the Following Statements About Supply Chains Is Correct

question 39

Multiple Choice

Which of the following statements about supply chains is correct?

• 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 is connected to only one entity up and down.
• D)The only source of revenue in a supply chain is the retailer.

---

Definitions:

Economic Decision Makers

Individuals or entities that make choices regarding the allocation of resources, investment, and production within an economy.

Economics

The social science concerned with the production, distribution, and consumption of goods and services.

Price Received

The amount of money a seller gets after the sale of a product or service, accounting for discounts, taxes, and additional charges.

Resources Used

The total inputs, including raw materials, labor, and capital, that are consumed in the production of goods and services.