Suppliers Are Powerful When

question 114

Multiple Choice

Suppliers are powerful when:

• A) satisfactory substitutes are available.
• B) they sell a commodity product.
• C) they offer a credible threat of forward integration.
• D) they are in a highly fragmented industry.

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Definitions:

Separation of Powers

The division of government responsibilities into distinct branches to limit any one branch from exercising the core functions of another, typically identified as the executive, legislative, and judicial branches.

Federalism

A system of government in which power is divided between a central authority and constituent political units, such as states or provinces.

Constitution

A system of fundamental principles or established precedents according to which a state or other organization is governed; often refers to a written document that outlines these principles.

Ratification Vote

A vote by lawmakers or the general public to formally approve a proposed constitution, amendment, or treaty, making it officially valid and binding.