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Questions and Answers
What is the primary function of a chain of supply?
What is the primary function of a chain of supply?
- To manage inventory levels
- To set product prices
- To determine market demand
- To move a product from producer to consumer (correct)
What components make up a chain of supply?
What components make up a chain of supply?
- Only activities and information
- Only people and resources
- People, resources, activities, and information (correct)
- Only inventory and logistics
What is the starting point of a chain of supply?
What is the starting point of a chain of supply?
- The producer (correct)
- The consumer
- The retailer
- The wholesaler
What is the main goal of a chain of supply?
What is the main goal of a chain of supply?
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What type of system is a chain of supply?
What type of system is a chain of supply?
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