A Disadvantage of the "Few Suppliers" Strategy Is

question 81

Multiple Choice

A disadvantage of the "few suppliers" strategy is

• A) the risk of not being ready for technological change.
• B) the lack of cost savings for customers and suppliers.
• C) possible violations of the Sherman Antitrust Act.
• D) the high cost of changing partners.
• E) allowing suppliers to have economies of scale.

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Definitions:

Test Statistic

A value calculated from sample data during a hypothesis test that determines whether to reject the null hypothesis.

Approximately Normal

Describes data that roughly follows a normal distribution, though it may not perfectly fit the normal curve.

Z Test Statistic

A type of statistical test where the test statistic follows a normal distribution under the null hypothesis.

Population Proportion

The fraction or percentage of a population that possesses a particular attribute or characteristic.