Which of the following terms refers to the entire sequence of suppliers that contribute to the creation and delivery of a product?
A) Supply cluster
B) Product network
C) Value chain
D) Retail cluster

Question

Quizplus · Accepted Answer

The term "value chain" refers to the entire sequence of suppliers that contribute to the creation and delivery of a product. A supply cluster refers to a group of companies in a particular industry that are located near each other and contribute to each other's success. A product network is a group of companies that work together to create and deliver a particular product. A retail cluster refers to a group of retail businesses that are located near each other and benefit from the proximity. None of these terms specifically refer to the entire sequence of suppliers involved in creating and delivering a product.

Which of the Following Terms Refers to the Entire Sequence