A Supply Chain Could Be More Accurately Described as a Supply

question 77

True/False

A supply chain could be more accurately described as a supply network or supply web.

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Definitions:

Agency

A legal and business relationship in which one party, the agent, is authorized to act on behalf of another party, the principal, in transactions with third parties.

Principal

In finance, refers to the original sum of money borrowed in a loan, or put into an investment, not including the interest. In a second context, it can refer to the primary party involved in a transaction or the main individual in a business.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Power of Attorney

A legal document granting one person (the agent) the power to act on behalf of another (the principal), especially in legal or financial matters.