An Independent Group of Suppliers, Such as Farmers, Gather to Form

question 10

Multiple Choice

An independent group of suppliers, such as farmers, gather to form a cooperative to sell their products to buyers directly, replacing their former distributor. This is an example of

• A) threat of entry.
• B) backward integration.
• C) forward integration.
• D) threat of substitute products.

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Definitions:

Interview

A formal conversation where questions are asked to obtain information from the interviewee, commonly used in various contexts such as employment, research, and legal procedures.

Prewritten Questions

Questions prepared in advance, commonly used in interviews, surveys, or exams to ensure consistency and efficiency.

Car Accident

A collision involving one or more vehicles resulting in damage, injury, or fatalities.

Small Talk

Casual conversation about unimportant or uncontroversial matters, often used in social settings.