Which of the following explains 'supply chain'?
A) A series of companies (links) in which the final stages of production of an economic product take place.
B) A series of companies (links) in which the consecutive stages of production of an economic product take place, from primary producer to final consumer.
C) A series of companies (links) in which the initial stages of production of an economic product take place.
D) A series of companies (links) in which the final stages of production of an economic product take place and the product is distributed to final consumer.

Question

Which of the following explains 'supply chain'? 
A) A series of companies (links) in which the final stages of production of an economic product take place. 
B) A series of companies (links) in which the consecutive stages of production of an economic product take place, from primary producer to final consumer. 
C) A series of companies (links) in which the initial stages of production of an economic product take place. 
D) A series of companies (links) in which the final stages of production of an economic product take place and the product is distributed to final consumer.

Quizplus · Accepted Answer

Supply chain refers to the sequence of companies or activities involved in the creation and delivery of a product or service, from the initial stages of production to the final delivery to the end consumer. Choice B accurately describes this process, as it encompasses all stages from primary producer to final consumer.

Which of the Following Explains 'Supply Chain