The Supply Chain Refers to the Sequence of Business Functions

question 102

True/False

The supply chain refers to the sequence of business functions in which customer usefulness is added to products or services.

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Definitions:

Scientific Investigation

A systematic procedure that involves the collection and analysis of data to create new knowledge or validate existing knowledge.

Data Collection

The process of gathering and measuring information on variables of interest in an established systematic fashion that enables one to answer stated research questions, test hypotheses, and evaluate outcomes.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation, which can be tested through research and experimentation.

Causal Factors

Elements or variables that directly influence the outcome or cause an event to occur.