An organization's activities and processes that involve the physical flow of goods from the raw materials stage to the final consumer is known as:
A) lateral integration.
B) supply chain.
C) critical path.
D) vertical integration.

Question

Quizplus · Accepted Answer

The term that best describes an organization's activities and processes involving the physical flow of goods is "supply chain." The supply chain refers to the entire network of entities, activities, and resources involved in the creation and delivery of products or services to the end consumer. This includes all stages of production, from raw materials to finished products, and all of the intermediaries involved in moving goods from one stage to the next. Lateral integration refers to the coordination and collaboration of different functions or processes within an organization, while critical path refers to the sequence of tasks that must be completed to achieve a specific goal. Vertical integration refers to the extent to which a company owns and controls different stages of its supply chain.

An Organization's Activities and Processes That Involve the Physical Flow