A firm, its suppliers, and its customers collectively form which of the following?

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a. supply chain [Correct. The supply chain is made up of the firm, its suppliers, and customers.]

b. value chain [Incorrect. The value chain is made up of primary and support activities within the firm.]

c. ERP system [Incorrect. An ERP system integrates all aspects of an organization’s activities into one system.]

d. AIS [Incorrect. The AIS is made up of the human and capital resources within an organization that are responsible for collecting and processing transactions and preparing financial information.]