In a Typical Supply Chain

question 51

Multiple Choice

In a typical supply chain:

• A) each participant adds value.
• B) each participant plays a role in getting the product to the ultimate consumer.
• C) the manufacturer plays an important role.
• D) the retailer may store the product,educate the customer,and,perhaps,deliver or install the product.
• E) All of these.

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Definitions:

Federal Law

Laws passed by the national government of a country, which are supreme and have precedence over state laws in matters within the jurisdiction of the national government.

State Legislation

A body of laws and regulations enacted by the legislative branch of a state government.

Commerce Clause

A provision in the United States Constitution that gives Congress the power to regulate commerce with foreign nations, and among the several states, and with the Indian tribes.

Economic Matters

Issues or concerns related to the production, distribution, and consumption of goods and services.