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The backbone of global commerce, connecting raw materials to the end consumer through a series of interconnected businesses.
2
A highly complex network of interconnected components designed to optimize efficiency and reduce costs.
3
The science of managing the flow of goods, information, and other resources from the point of origin to the point of consumption.
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The process of transporting goods, often across international borders, using various modes of transportation.
5
A textile production method involving interlacing loops of yarn to create a fabric.
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The process of balancing supply and demand to ensure optimal inventory levels and minimize costs.
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A business that provides goods or services to another company, often under a contractual agreement.
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A powerful, ever-changing influence that shapes market trends and consumer behavior.
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A company that converts raw materials or components into finished goods.
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An intermediary that links manufacturers to retailers, playing a crucial role in the distribution of products.
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The final link in the supply chain, directly interacting with consumers and fulfilling their needs.
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The end user of goods or services, driving demand in the market.
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The substances or components used in the manufacturing process.
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The quantity of a good or service that consumers are willing and able to buy.
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Government policies designed to restrict imports and protect domestic industries from foreign competition.
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The value of the next best alternative forgone when making a decision.
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