What Are the Key Functions of a Supply Chain

question 42

Essay

What are the key functions of a supply chain?

---

Definitions:

Opportunity Cost

The rejection of potential benefits from alternative propositions when favoring one.

Comparative Advantage

The ability of an individual or entity to produce goods or services at a lower opportunity cost than other individuals or entities.

Economic Investment

The expenditure on capital goods used to produce other goods or services in the future, contributing to a country's productive capacity.

Fermentation System

A biological process using microorganisms to convert organic materials into alcohol, gases, or acidic products.