Question

how does the supply chain of market affect the price of goods?

Answer 1

The marketing supply chain is the chain of suppliers that an organization relies on to produce marketing materials (print, promotional products and point of sale) to market their products and services.

Answer 2

The cost of the supply chain is directly related to the price of goods.

Explanation:

• Supply chain refers to the process that starts with the harvesting of raw material and it completely when finished good reaches the consumer. It involves multi steps like raw material, manufacturing, finished goods, whole seller, retailer, the consumer.
• Moreover, longer the supply chain, the higher the cost of processing the commodity. However, the cost of the supply chain is directly related to the price of goods. Thus, if the cost of the supply chain increases then the price of the commodity also increases or vice versa.

Learn more:

What is supply chain?

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