Supply Chain II Final

A risk-taker in search of profits who does something new with existing resources.

• Entrepreneur

• Capitalist

• Inventor

• Economist

A capitalistic economy in which competition is allowed to flourish with minimum government interference.

• Free Enterprise

• Voluntary Exchange

• Local Government

• Allocated Society

The role of the consumer as the ruler of the market when determining the types of goods and services produced.

• Consumer Sovereignty

• 
  Regulator

• Catalyst

• Organizer

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

• Supply Chain

• Retail

• Distribution

• Supplier

A business owned and run by a single individual.

• Sole Proprietorship

• Partnership

• Cafe

• 
  Corporation

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

• Corporation

• Charter

• Limited Liability

• Sole Proprietorship

The chain of activities within a company that results in providing a product to the custom

• 
  Internal Supply Chain

• Distribution

• External Supply Chain

• Manufacturing

The network of activities outside of a company such as transportation and environmental factors which can affect operations.

• External Supply Chain

• Distributor

• Internal Supply Chain

• Manufacturing

The process of identifying customer needs and determining how best to meet those needs.

• Marketing

• Commercials

• Solicitation

• Advertising

The exercise of promoting a company and its products or services through paid channels.

• Advertising

• Business

• Retail

• Marketing