Which of the following statements is TRUE of supply chains?
A) Supply chains consist only of customers, retailers, distributors, manufacturers, and suppliers.
B) Not every supply chain has distributors and retailers.
C) Each element in the supply chain can be connected to only one entity up and down.
D) The only source of revenue in a supply chain is the retailer.

Question

Quizplus · Accepted Answer

Not every supply chain has distributors and retailers. Supply chains can vary greatly depending on the industry and the specific product or service being offered. Some supply chains may have multiple tiers, with intermediaries such as wholesalers and brokers, while others may have a direct-to-consumer model with no intermediaries. Additionally, there may be other entities involved in a supply chain such as logistics providers, third-party vendors, and even government agencies.

Which of the Following Statements Is TRUE of Supply Chains