ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The primary purpose of any supply chain is to satisfy customer needs, in the process generating ____ for itself
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profit
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business
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revenue
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order
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Explanation:
Detailed explanation-1: -The primary purpose for the existence of any supply chain is to satisfy customer needs, in the process generating profits for itself. Supply chain activities begin with a customer order and end when a satisfied customer has paid for his or her purchase.
Detailed explanation-2: -It directly dictates the two most vital parts of customer satisfaction: price and delivery. Having an efficient supply chain means you can beat your competitors on retail price and improve your profitability.
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