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Multiple Choice
Which of the following is NOT a concern of the supply chain?
A
Inventory management and storage
B
Distribution and transportation of products
C
Consumer preferences and demand elasticity
D
Production and manufacturing of goods
Verified step by step guidance
1
Understand the concept of a supply chain: it involves all the processes and activities required to produce and deliver a product to the final consumer.
Identify typical concerns of the supply chain, which include inventory management and storage, distribution and transportation of products, and production and manufacturing of goods.
Recognize that consumer preferences and demand elasticity relate to the behavior and choices of consumers, which are part of the demand side rather than the supply chain operations.
Compare each option to the definition of supply chain concerns and determine which one does not fit within the operational and logistical aspects of the supply chain.
Conclude that 'Consumer preferences and demand elasticity' is NOT a concern of the supply chain because it pertains to market demand rather than supply chain management.