What Are the 5 Basic Components of a Supply Chain

question 14

Multiple Choice

What are the 5 basic components of a supply chain management (SCM) system?

• A) market, source, make, sell, deliver
• B) plan, source, buy, sell, deliver
• C) plan, source, make, deliver, return
• D) procure, make, market, sell, deliver

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Definitions:

Monetary Policy

Economic strategies and decisions made by a central bank or government agency regarding the supply of money and levels of interest rates in an economy.

Fiscal Policy

Governmental policies concerning taxing and spending that are intended to influence economic conditions, including aggregate demand, inflation, and unemployment.

Consumption

The act of using up goods and services by individuals or groups, often analyzed in the context of economic activities and impacts on well-being.

Human Development Index

A composite statistic used to rank countries based on levels of human development factors like life expectancy, education, and per capita income.