The "Supply Chain" Concept Refers to the Idea That Distribution

question 46

True/False

The "supply chain" concept refers to the idea that distribution can usually be reduced if the firm that is the "weakest link" in the channel of distribution is eliminated.

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Definitions:

Materials Purchased

This refers to the raw materials bought by a company for the production of goods.

Materials Requisitioned

The process of formally requesting materials or supplies, usually from a company's inventory, for production or other uses within the organization.

Production Department

A segment within a company responsible for the production of goods or services.

Journal Entry

A record in accounting that logs a business transaction and its effects on various accounts in the double-entry bookkeeping system.