A Supply Chain is best described by which of the following: a. A group of cooperative carriers b. A group of collaborative companies c. A formal association of competitive companiesd. Two firms who create a strategic alliance

B- A group of collaborative companies.

Explanation:

Supply chain is a network which involves different companies collaborating at different points. Total 6 elements are involved in supply chain network:

Except consumer, at every stage a different company is involved and collaborating with the other company to gain profit.  

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.