A network of organizations used for procuring raw materials transforming these...

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A network of organizations used for procuring raw materials, transforming these materials into products, and distributing the products to customers is called _____________________.

A. Value chain

B. Supply chain

C. Enterprise system

D. Process chain

Answer: Option B

Solution (By Examveda Team)

A network of organizations used for procuring raw materials, transforming these materials into products, and distributing the products to customers is called Supply chain. A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. This network includes different activities, people, entities, information, and resources.

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