The Term Supply Chain Generally Refers to All the Activities

question 39

True/False

The term supply chain generally refers to all the activities involved in supplying an end user with a product or service.

---

Definitions:

"Loss"

The result of expenses exceeding revenues or costs outweighing benefits in a financial transaction or operation.

Reference Point

A baseline value or condition used for comparison in various contexts, including economics, decision making, and psychology.

Item Value

The worth or utility that a specific item or product holds for an individual or the market.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/real estate, or intellectual property.