ENTREPRENEURSHIP

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INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
.... In which of the Five Major Flows of the Supply Chain will a business deal with “bills of materials, product data, descriptions and pricing, inventory levels, customer and order information, delivery scheduling, supplier and distributor information, delivery status, commercial documents, title of goods, current cash flow and financial information?”
A
Financial Flow
B
Information Flow
C
Product Flow
D
Risk Flow
Explanation: 

Detailed explanation-1: -There are Five major flows in any supply chain : product flow, financial flow, information flow, value flow & risk flow.

Detailed explanation-2: -Supply chain management has five key elements-planning, sourcing raw materials, manufacturing, delivery, and returns. The planning phase refers to developing an overall strategy for the supply chain, while the other four elements specialize in the key requirements for executing that plan.

Detailed explanation-3: -There are five basic steps of supply chain management-planning, sourcing supplies and materials, manufacturing, delivery and returns-and each poses unique challenges and considerations.

Detailed explanation-4: -There are three types of main flows that happen in any supply chains: flow of materials/goods, flow of money/cash, and flow of information.

There is 1 question to complete.
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