Kym’s business makes organic, designer cloth to sell to clothing companies to create other goods. What term best describes Kym’s role in the value chain?
Kym's role in the value chain can be described as a supplier or a manufacturer.
If wholesalers typically sell goods to retailers, who do retailers typically sell their goods to?
Retailers typically sell their goods directly to consumers or end-users.
Kym's role in the value chain can be described as a "supplier" or a "manufacturer." As a supplier, Kym provides the raw materials (organic, designer cloth) to clothing companies, who then use those materials to create other goods.
To determine the best term that describes Kym's role in the value chain, we first need to understand what the value chain is. The value chain is a concept that describes the various activities and processes used by a company to create, produce, and deliver a product or service to the market. It encompasses all the steps involved, from the sourcing of raw materials to the eventual sale to the end customer.
In this case, Kym's business is involved in making organic, designer cloth that is sold to clothing companies for them to create other goods. Kym's business performs a specific activity within the value chain, which is the production of the cloth. Since Kym's business is not involved in the final sale to the end customer, we can eliminate terms such as "retailer" or "distributor."
A suitable term that describes Kym's role in the value chain would be a "supplier" or a "manufacturer." As a supplier or manufacturer, Kym's business is responsible for producing organic, designer cloth that is then sold to clothing companies, who further process it to create other goods.