Suppliers in an Industry Are Most Powerful When

question 36

Multiple Choice

Suppliers in an industry are most powerful when:

• A) there are few substitutes for the products that they sell.
• B) switching costs are low.
• C) companies in the industry threaten to enter the suppliers' industry.
• D) their profitability is significantly affected by the purchases of companies in a particular industry.
• E) they refrain from entering their customers' industry because of lack of resources.

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Definitions:

Diarrhea

A medical condition characterized by the frequent passage of loose, watery stools.

Pneumonia

An infectious disease affecting one or both lungs, characterized by inflammation and fluid-filled alveoli, causing breathing difficulties.

Tetanus

A bacterial infection commonly referred to as lockjaw that causes painful muscle contractions, particularly of the jaw and neck muscles.

Rate Of Growth

The speed at which a biological or physical process increases in size or number over a specific period of time.