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:

Leader-follower Relationships

The dynamic interactions and connections between those in leadership positions and their followers, emphasizing mutual respect, influence, and achievement of common goals.

LMX

Leader-Member Exchange theory, which focuses on the two-way (dyadic) relationship between leaders and individual followers, emphasizing the importance of these relationships on work outcomes.

Non-profit Organization

An entity that operates for purposes other than making profit, often focused on furthering a social cause or shared goal.

Lead Volunteer Role

A position held by an individual in a voluntary organization who guides and supports other volunteers, often taking on responsibilities similar to those of a managerial role in a corporate setting.