Question

Supply chain management refers to A. how the firm compensates the employees who work on the​ firm's internal stages of production. B. the decisions around which stages of production to handle internally and which to buy from others. C. the contracts put in place to manage a​ firm's suppliers. D. the 19th century practice of having barges move downstream with the flow of the river.

Answer 1

Answer:

B. the decisions around which stages of production to handle internally and which to buy from others.

Explanation:

Supply chain management is fundamentally concerning with the management of a firm's reception of inputs in order to produce output, and with a firm's delivery of those outputs to the final customer.

For example, some firms can have the capability to supply their own raw materials internally, transform them into a finished product, and send the products to the customer.

Other firms have more complicated supply chains: they may buy the raw materials, produce a part of the good in a place, another part in another place, and hire another company to make the deliveries.