Question

A Supply Chain is best described by which of the following: a. A group of cooperative carriers b. A group of collaborative companies c. A formal association of competitive companiesd. Two firms who create a strategic alliance

Answer 1

Answer:

B- A group of collaborative companies.

Explanation:

Supply chain is a network which involves different companies collaborating at different points. Total 6 elements are involved in supply chain network:

• Supplier
• Manufacturer
• Distributor
• wholesaler
• Retailer
• Consumer

Except consumer, at every stage a different company is involved and collaborating with the other company to gain profit.