ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In a supply chain, the product:
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it is classified as something tangible, i.e. a service, sales support or reputation of a company.
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it is classified as tangible, that is, one that has gone through a manufacturing process.
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it is classified as a convenience one, as its prices are very high, due to low consumption.
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those consisting of luxury clothing and/or high added value items are classified as specialty.
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it is classified as competitive, as its low price leads to mass consumption, due to competition between supermarket chains.
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Explanation:
Detailed explanation-1: -Tangible assets are physical things. Examples include land, buildings, vehicles, furniture, and equipment.
Detailed explanation-2: -In product manufacturing, the supply chain facilitates the transfer and transformation of raw materials into finished products. From there, the manufacturer transports and distributes the products to a retailer or directly to a consumer.
There is 1 question to complete.