The Bargaining Power of an Industry's Suppliers Is Greater When

question 14

Multiple Choice

The bargaining power of an industry's suppliers is greater when:

• A) the supply industry is fragmented.
• B) switching costs are minimal for companies because of little difference among products offered by different suppliers.
• C) the industry buys in large quantities.
• D) the product that suppliers sell has many substitutes and is not vital to the companies.
• E) the industry is not an important customer to the suppliers.

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Definitions:

Batch Fit Tool

A Batch Fit Tool is a software or methodology used in manufacturing and production to ensure compatibility and optimize the grouping of items, components, or materials in batches.

Crystal Ball

A metaphorical term often used to describe the attempt to predict future events or outcomes with certainty.

Empirical Data

Information obtained through observation or experimentation rather than theory or pure logic.

Crystal Ball

A metaphorical term often used to describe the act of predicting future events with certainty.