Which of These Strategies Is Effective When the Number of Suppliers

question 91

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) Backward integration
• E) Horizontal diversification

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Definitions:

Clothes Dryers

Household appliances designed for removing moisture from clothing and textiles after they have been washed.

Net Exports

The value calculated by subtracting a country's total value of imports from its total value of exports; positive net exports indicate a trade surplus, while negative net exports indicate a trade deficit.

Import Quota

This is a restriction by a country on the quantity of a good that can be imported, aimed at protecting domestic industries from foreign competition.

Tariffs Decreased

Refers to a reduction in taxes imposed on imported goods, which can lead to increased trade between countries and potentially lower prices for consumers.