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GCSE Business · key term
All the businesses, people and activities involved in producing a product and delivering it to the final customer.
Used by AQA, Edexcel and OCR
Paper 1
Revise: Procurement, Logistics and Supply ChainA supply chain consists of all the businesses, people and activities involved in producing a product and delivering it to the final customer. It extends beyond a business and its immediate supplier.
Specification 2.3.2 · Paper 2
The connected businesses and processes that take materials through production and distribution to the final customer.
Revise: Procurement and Supplier RelationshipsProcurement takes place within a supply chain: the connected businesses and processes that take materials through production and distribution to customers. A typical chain might link a raw-material supplier, manufacturer, distributor and retailer. Not every product passes through all these stages.
Paper 1, Paper 2
The sequence of businesses and activities through which materials become products and reach customers.
Revise: External GrowthA supply chain links the stages through which a product reaches customers. For ice cream, a dairy farmer supplies milk, a manufacturer makes the ice cream, and a retailer sells it to consumers. Vertical integration joins businesses at different stages of this same chain.
The people, businesses and activities involved in producing a product and delivering it to the final customer.
The businesses and stages involved in obtaining materials, making a product and delivering it to customers.
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