Suppliers Are Powerful When the Industry Is Dominated by a Few

question 53

True/False

Suppliers are powerful when the industry is dominated by a few large companies,no satisfactory substitutes are available,the selling industry is relatively more concentrated than the purchasing industry,and switching costs are high.

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Definitions:

Systems Of Domination

the complex and interconnected societal structures and mechanisms that perpetuate inequality and maintain power dynamics favoring dominant groups over marginalized ones.

Inequality

Refers to the uneven distribution of resources, opportunities, and rights among different social groups, often resulting in social stratification and differing levels of access to wealth, power, and status.

Formal Sociology

Simmel’s theory that argues that different human interactions, once isolated from their content, can be similar in form.

Social Processes

Ongoing actions and events through which individuals and groups interact, develop, and are influenced within a society.