ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

SUPPLY CHAIN MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which component of the supply chain sells the final good to the consumer?
A
Supplier
B
Manufacturer
C
Distributor
D
Retailer
Explanation: 

Detailed explanation-1: -Transportation is vital in terms of carrying raw materials to the manufacturing unit and delivering the final product to the market. At each stage, timely transportation of goods is mandatory to sustain a smooth business process.

Detailed explanation-2: -A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user. The supply chain segment involved with getting the finished product from the manufacturer to the consumer is known as the distribution channel.

Detailed explanation-3: -The roles of the key players in a typical retail supply chain are: Manufacturers: Produce goods using machines, raw materials, and labor. Wholesalers: Purchase finished goods from the manufacturers and sell those goods to retailers in large bulk quantities.

There is 1 question to complete.