Many Buyers Prefer Multiple Sources of Supplies ________

question 18

Multiple Choice

Many buyers prefer multiple sources of supplies ________.

• A) to avoid being totally dependent on one supplier
• B) to keep companies interested in doing business with them
• C) to ensure that suppliers do not become complacent
• D) to encourage their salespeople to develop broader networks of contacts
• E) to prepare in case of a work stoppage

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Definitions:

Strategic Behavior

The actions taken by companies or individuals in anticipation of their rivals' actions and reactions to maximize their own benefits.

Influences Market Price

Factors or conditions that affect the selling price of goods or services in a market, including supply, demand, competition, and external economic conditions.

Barriers

Obstacles or impediments that prevent or hinder progress, such as trade barriers which can restrict the flow of goods between countries.

Control Over Price

The ability of a company or market to influence or set the price of goods and services.