An individual, business, or company a supplier contracts to deliver or carry out any part of the supplier’s contract obligations.
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A company controlled by another company, called parent company, usually through ownership of, at least, 50 per cent of its shares, or through other organizational or managerial agreement. There are several different types of relationship that a subsidiary company may…
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Sunk costs are costs incurred in the past that cannot be recovered if a project is cancelled – e.g. research and development costs.
Read MoreSupply chain
The people, activities, information, and resources involved in transforming raw materials into a finished product for supply to an end customer.
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