Which of the Following Statements About Supply Chains Is FALSE

question 113

Multiple Choice

Which of the following statements about supply chains is FALSE?

• A) A supply chain includes all the activities involved in procuring materials, transforming them into products, and distributing them to customers.
• B) A supply chain includes one or more channels of distribution.
• C) The primary aim of any firm in a supply chain is to contribute to customer value by minimizing its own distribution costs.
• D) Few firms are willing to give "outsiders" access to information in their computer systems, so it is likely to be quite some time before computers have the impact on managing a supply chain that they have had in other areas of business.
• E) None of these statements about supply chains is FALSE.

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Definitions:

Possession

The actual holding or control of property, whether owned or not.

Risk Of Loss

Pertains to the contractual and legal responsibility for the loss, damage, or destruction of goods during transportation or transaction.

Seller's Place

The designated location or business premises of the seller, relevant in transactions and legal agreements for determining delivery and risk of loss.

Merchant

An individual or company involved in the wholesale purchase and retail sale of goods for profit.