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Questions and Answers
What is the linkage industry?
What is the linkage industry?
Linkage industry exists when one industry depends on the output of another industry for its production or sales.
What is a supply chain?
What is a supply chain?
A supply chain is a chain of organizations, people, activities, information, and resources involved in producing and selling a product.
What are the types of linkages?
What are the types of linkages?
What are forward linkages?
What are forward linkages?
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What are backward linkages?
What are backward linkages?
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Study Notes
Linkage Industry
- The linkage industry is the relationship between industries where one industry's output is used as input for another.
- A supply chain represents the interconnected network of organizations, activities, and resources involved in producing and selling a product.
- Supply chains can vary in length and scope, ranging from short and local to long and international.
Types of Linkages
- Forward Linkages: The output of one industry serves as the input for a subsequent industry.
- Backward Linkages: An industry's demand for the output of another industry, creating a demand for that industry's products or services.
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Description
Explore the concept of linkage industries and supply chains. This quiz covers the relationships between different industries, including forward and backward linkages. Understand how these connections influence production and demand for products or services.
