7th Class Social Science Fundamental Rights and Duties Question Bank Markets Around Us - Long answer Type Question

  • question_answer
    Describe the different steps in the supply chain.

    Answer:

    An entire network of entities is involved directly or indirectly in serving a product to the consumer or customer. It comprises a supplier who supplies raw material to the manufacturer as producer, a producer who converts the material into products, a warehouse that stores the products, a wholesaler who delivers the product to the retailer and a retailer who brings the product to the ultimate user. This is called the supply chain.


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