Vidyalelo
Management · Q245

Management Information System (MIS)

Graduate and Post Graduate · Management · question 245

Q245

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
Answer
C.
Enterprise system
D.
Process chain

Answer: Option B

Solution

Answer: Option B
Solution:
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.