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:

Leadership Requirement

Essential skills or qualities needed by individuals to effectively guide, influence, or direct a group towards achieving a common goal.

Interpersonal Conflict Management

The techniques and strategies used to address and resolve personal disagreements or clashes.

Problem-Solving Approach

A methodical process of addressing and finding solutions to complex issues or challenges.

Winner-Take-All Approach

A competitive strategy or situation where the top performer or winner receives all the rewards or benefits.