Which of These Strategies Is Effective When the Number of Suppliers

question 27

Multiple Choice

Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?

• A)Conglomerate diversification
• B)Forward integration
• C)Concentric diversification
• D)Horizontal diversification
• E)Backward integration

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Definitions:

Social Readjustment Rating Scale

A scale designed to measure the amount of stress in a person's life resulting from major life changes, as part of the stress and coping research.

Optimists

People who tend to maintain a positive outlook and approach life's challenges with confidence and hope.

Pessimists

Individuals who tend to see the worst aspect of things or believe that the worst will happen; a tendency to expect negative outcomes.

Stress

A state of mental or emotional strain or tension resulting from adverse or demanding circumstances.