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.This Question Belongs to Management >> Management Information System (MIS)
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