Because Each Supply Chain Process Should Add Value to the Products

question 63

Short Answer

Because each supply chain process should add value to the products or services a company produces, a supply chain is frequently called a __________ chain.

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Definitions:

Accounting Equation

The foundational equation in accounting, Assets = Liabilities + Owner's Equity, showing the relationship between a company's assets, liabilities, and equity.

Liabilities

Financial obligations of a business that represent debts or amounts owed to others, due to past transactions or events.

Assets

Economic resources owned by a business that are expected to benefit future operations.