The Number of Suppliers Available to a Manufacturer or Retailer

question 37

True/False

The number of suppliers available to a manufacturer or retailer affects the bargaining power of buyers.

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Definitions:

Sales Values

The total revenue generated from goods or services sold by a business.

Direct Costs

Expenditures directly traceable to the production of specific goods or services, such as raw materials and labor.

Gross Margins

The difference between revenue and cost of goods sold divided by revenue, expressed as a percentage, indicating the financial health and profitability of a business.

Value Basis

The underlying worth of an asset from which sale prices or depreciation is derived.