GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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customers
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managers
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shareholders
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suppliers
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Detailed explanation-1: -manufacturing business. A manufacturing business buys raw materials and transforms them into finished products.
Detailed explanation-2: -Contract Negotiation and Approval The organization contacts the suppliers in their list and takes a quotation. The supplier with the lowest quotation is selected while ensuring the quality of raw materials. Once the quote is approved, the raw materials are transported to the manufacturing units.
Detailed explanation-3: -Supply chain management (SCM) refers to the management of operations that are involved in the procurement of raw materials, their transformation into finished goods, and their distribution to the end consumer. The simplest supply chain includes your suppliers, you, and your customers.
Detailed explanation-4: -Raw Material Supplier means a company that supplies raw materials to companies that manufacture product packaging.