A Supply Chain Is a Global Network of Organizations and Activities

question 17

Multiple Choice

A supply chain is a global network of organizations and activities involved in:

• A)Producing, buying, servicing, and disposing of goods and services.
• B)Designing, transforming, consuming, and disposing of goods and services.
• C)Financing, producing, and marketing of goods and services.
• D)Designing, financing, selling, and disposing of goods and services. The organizations and activities in a supply chain are involved in designing, transforming, consuming, and disposing of goods and services.

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Definitions:

Geographic Divisional Structure

A type of organizational structure where operations are segregated based on geographical regions, allowing for tailored strategies that fit local needs.

Functional Structure

An organizational design that groups employees based on their activities, tasks, or functions, such as marketing, finance, or production.

Skill Specialization

The process of focusing individuals' training and job roles on specific skills, making them experts in particular tasks or operations within an organization.

Divisionalized Structure

An organizational framework in which the company is divided into semi-autonomous units or divisions, each with its own operations, resources, and goals.