The Term "Supply Chain" Can Be Misleading Because the Chain

question 209

True/False

The term "supply chain" can be misleading because the chain typically involves only two firms: a vendor (selling firm) and a customer (buying firm).

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Definitions:

Prime Rate

The interest rate that commercial banks charge their most credit-worthy customers, often used as a reference rate for various loans.

Revolving Credit

A credit facility that allows a company or individual to borrow up to a pre-approved limit, pay it back, and borrow again.

Commitment Fee

A fee charged by a lender to a borrower for an unused credit line or undisbursed loan.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations to finance their immediate operating expenses, inventory, and other short-term liabilities.