Week 7 Flashcards
1
Q
What is the supply chain?
A
All of the companies and their activities involved in transforming inputs (raw materials or components) to outputs (distribution to consumer)
2
Q
The environment of most orgnisations can be seen as four major interdependent systems, what are they?
A
Economic system, social system, political system and physical system
3
Q
Who are the main Actors within an econmical environment?
A
Partners, suppliers, customers and regulators
4
Q
What does PESTEL stand for?
A
Politcial, Economical, Social, Technological, Environmental and Legal
