Among the fundamental changes to marketing and business practice in today's economy is the dramatic increase in the availability of information. this increase in information has created a shift in the balance of power in the supply chain. who now holds most of the power in today's economy? select one:
a. wholesalers
b. manufacturers
c. customers
d. service providers
e. retailers

Question

31-01-2018
Business

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Among the fundamental changes to marketing and business practice in today's economy is the dramatic increase in the availability of information. this increase in information has created a shift in the balance of power in the supply chain. who now holds most of the power in today's economy? select one:
a. wholesalers
b. manufacturers
c. customers
d. service providers
e. retailers

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charlesA13 charlesA13 · Answer 1 · 2018-01-31T13:52:47+01:00

charlesA13 charlesA13

31-01-2018

I think It C E because the customer has money and the retailers get like 10,000 A day on diffent stuff

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marvineetesh3 marvineetesh3 · Answer 2 · 2022-04-30T10:56:14+02:00

The person that hold most of the power in the today's economy is the customers. Option c is correct.

Who is customers?

Somebodies and corporations who acquisition goods and services from another company are called as customers.

All actions that change raw materials (inputs) into finished products (outputs) are included in supply chain management.

Initially, the supply chain activities were dominated by manufacturers, wholesalers, and retailers.

Customers didn't have access to information, therefore their knowledge of the products was limited. As a result, the producers dominated the supply chain.

According to the given case, since control has passed to customers and buyers have become much more knowledgeable than previously, supply chain activities have grown more customer-centric, with the goal of giving value to customers.

Therefore, option c is correct.

Learn more about the customers, refer to:

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