ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When suppliers, distributors, and customers collaborate with each other to improve the performance of the entire system, they are participating in
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Channel of distribution
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Value delivery network
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Supply chain
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Supply and demand chain
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Explanation:
Detailed explanation-1: -A supply chain is a network of entities that source raw materials, transform them into finished goods, and then distribute or sell them to customers. In contrast, a value chain refers to creating or adding value to the end product at every step, from conception through production to delivery and support.
Detailed explanation-2: -A network composed of the company, suppliers, distributors, and customers who partner with each other referred as value delivery network. The purpose is to enhance the performance of the entire system in delivering the customer value.
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