A supply chain, in the most basic form, is the set of actions necessary by an organization by providing goods or services to customers.
A supply chain is a focus on the main processes necessary to turn raw materials or component components into completed products or services inside our company.
The correct word for the rise in the prices of goods and services is inflation.
This is the correct answer because inflation is measured as the rate at which prices go up over time. Inflation is usually defined as little more than a wide measure of price increases or a rise in the cost of living in a nation.
In economics, inflation is defined as a gradual increase in the price of goods and services in a given economy. When the overall price level rises, each unit of currency buys fewer products and services; as a conclusion, hyperinflation equals a loss of money's buying power.
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