2k Suppliers and supply chains

Question 1

What are suppliers?

Answer 1

Suppliers are individuals or
businesses that provide the
resources required to produce
goods and services.

Question 2

What is a supply chain?

Answer 2

A supply chain is the network 
of individuals or businesses that 
are involved in producing and 
distributing a good or service 
to customers.

Question 3

What are 5 sourcing considerations?

Answer 3

1. Time
2. Shipping costs
3. social responsibility
4. Access to resources
5. Legal regulations

Question 4

What are retailers?

Answer 4

Retailers are businesses that
purchase goods from a wholesaler
and resell them to customers.

Question 5

What are wholesalers?

Answer 5

Wholesalers are businesses that
store and distribute manufactured
goods to retailers.