Question

A network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and finished products, and distributing the finished products to customers is called a(n) _______________.

Answer 1

Answer:

SUPPLY CHAIN                  

Explanation:

A supply chain refers to the network between a business and its distributors that manufactures and distributes to the ultimate customer a particular product. This network comprises various actions, individuals, organisations, knowledge, and assets. The supply chain often reflects the measures that it involves to have the products or services to the consumer from its original form.

A supply chain requires a number of steps to even get consumers to obtain a products or services. The measures involve transferring and converting raw resources into finished goods, shipping and selling such items to end users. The supply chain participating organisations include manufacturers, suppliers, distributors, delivery companies, distribution centers and retailers.