Economics · Business and Commerce
What is meant by the term 'Supply Chain' in business?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A chain of businesses that exclusively supply raw materials to each other
- 2The strict hierarchy and chain of command in a major corporation
- 3A network of all entities involved in the production and distribution of a product to the final customer✓
- 4The total volume of stock available for a specific product in the open market
Correct answer
A network of all entities involved in the production and distribution of a product to the final customer
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