UNIT 3 Supply Chain Management I

The entire process that is needed to get a product or service from its starting point to its completion.

• Supply Chain

• Distribution

• Retail

• Supplier

A company that your organization buys products or services from.

• Supplier

• Retailer

• Merchandiser

• Distributor

A company who buys products in bulk, and then sells them in smaller quantities to other companies.

• Distributor

• Retailer

• Merchandiser

• Supplier

A company who buys products in bulk, and then sells them to consumers.

• Retailer

• Distributor

• Merchandiser

• Supplier

The end user of a product or service.

• Consumer

• Supplier

• Merchandiser

• Distributor

A business owned and run by a single individual.

• Sole Proprietorship

• Cafe

• Partnership

• Corporation

A business that is jointly owned by two or more persons. 

• Partnership

• Corporation

• Proprietorship

• Cafe

This form of business organization is recognized by law as a separate legal entity.

• CHARTER

• LIMITED LIABILITY

• CORPORATION

• SOLE PROPRIETORSHIP

A combination of two or more businesses to form a single firm.

• Merger

• Conglomerate

• Multinational

• Acquisition

When a company "takes over" or "buys out" another company.

• Acquisition

• Merger

• Conglomerate

• Mulitnational