Question

The term ________ is commonly used to refer to a collection of companies and processes involved in moving a product from the suppliers of raw materials to the customer.
a. value network
b. supply warehouse
c. supply chain
d. demand chain
e. procurement

Answer 1

Answer: (C) Supply chain

Explanation:

 The supply chain is the term which is used to refers to the network of the companies, resources and the activities that involve the selling of products and the services from the supplier to the consumers.

The main purpose of the supply chain management is that the inventory should always be available for fulfill the requirement of the customers or the users.

The supply chain management is also used to represent the each steps during the moving o the product from its actual state to the consumer. Therefore, Option (C) is correct.