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Thanksgiving Supply Chain Vocabulary Words

AB
supply chainA network of people and entities who are involved in creating a product and delivering it to its consumer.
channels of distributionThe routes or path by which goods are moved from producers to the consumers.
farm-to-tablePath of food from the growth of raw product, through processing, preparation, and presentation, to the final consumer.
retailerA merchant or business owner who sells things to the public.
wholesalerA person or business that sells items to retail stores that will then sell them to individual customers for a higher price
logisticsThe movement of inventory from point A to point B. Cost, time and efficiency is extremely important in this process.
profitIs the money you have left after paying for business expenses. Total revenue - (minus) total cost.
costThe amount of money that is used to manufacture/make/ to create a product or service. (It's an expense).


Marketing/Personal Finance Teacher
Chesterfield Juvenile Detention Center
23832, VA

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