Question

________ describe(s) the flow of goods, services, and information from the purchase of materials to the delivery of products to consumers, regardless of whether those activities occur in the same organization or with other organizations.

A) Supply chain
B) Key success factors
C) Continuous improvement
D) Customer focus

Answer 1

A) Supply chain

The term describing the flow of goods, services, and information through all the stages of production to consumer delivery is 'Supply Chain.' Technology and globalization have greatly expanded market competition and interconnectedness, affecting supply chain dynamics.

Step-by-step explanation:

The term that describes the flow of goods, services, and information from the purchase of materials to the delivery of products to consumers, regardless of whether those activities occur in the same organization or with other organizations, is Supply Chain.

This concept has become increasingly important due to massive shifts in technology and globalization, which have allowed for a greater degree of competition in local and global markets alike.

The Internet and business-to-business websites have enabled buyers and suppliers to connect from anywhere in the world, greatly affecting the dynamics of supply chains. Sharing new technologies, improving transportation methods, and having policies for national emergencies are vital for maintaining supply chains.