Briefly Explain the Differences Between the Terms Supply Chain Management

question 360

Essay

Briefly explain the differences between the terms supply chain management and the marketing channel.

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Definitions:

Partnership Business

A lawful business structure operated by two or more people, where both management responsibilities and profits are shared.

Express Authority

Power clearly stated or written, given by one party to another.

Agreement Of Partners

A legal document outlining the terms and conditions under which partners agree to operate a partnership.

Actual Authority

The express or implied power given to an agent by the principal, allowing the agent to act on behalf of the principal.