Natalie runs a business making handmade sweaters for cats. She has made the sweaters herself for a number of years, but the business has really grown, and she can no longer keep up with demand. Natalie needs to set up a supply chain in order to fulfill the incoming orders. She is new to this side of business and wants to know what a supply chain is. Which of the following best defines a supply chain? a. It is a system of activities, people, organizations, and resources which provide feedback to companies for product enhancements and new product ideas.
b. It is a system of activities, people information organizations, and resources participating in moving a service or product from supplier to customer.
c. It is a marketing channel where different channel partners are evaluated in regards to the value offered to the customer.

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500