ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Seller
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Producer
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Retailer
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Customer
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Detailed explanation-1: -From there, the raw materials are hauled to a wholesaler, who sells them in batches to manufacturers. Once delivered, the manufacturer uses the materials to create a product, which is then delivered to a retailer. Finally, it is sold to a consumer.
Detailed explanation-2: -Outsourcing: The process of having suppliers provide goods and services that were previously provided internally. Outsourcing involves substitution-the replacement of internal capacity and production by that of the supplier.
Detailed explanation-3: -A supply chain is the network of individuals, companies, resources, activities, and technologies used to make and sell a product or service. A supply chain starts with the delivery of raw materials from a supplier to a manufacturer and ends with the delivery of the finished product or service to the end consumer.