Firms that are able to effectively exploit their core competencies usually more easily achieve one of the main reasons why supply chain relationships are so important is the cost advantage or disadvantage that can be gained or lost within the supply chain, directly affecting a company's bottom line. i.e. their profit or loss.
A corporation is a community for short, a legal entity that is a collection of people with a specific purpose, natural, legal, or a mixture of both. Company members have common goals and work together to achieve specific goals.
A company is a legal entity formed by a group of individuals to conduct and operate a commercial or industrial business. A company may be organized in various ways for tax and financial liability purposes, depending on the corporate law of its jurisdiction.
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