Suppliers Are More Likely to Be Powerful Relative to the Firms

question 47

Multiple Choice

Suppliers are more likely to be powerful relative to the firms to which they sell their goods and services if:

• A) differentiation among existing suppliers is high.
• B) access to distribution channels is limited.
• C) existing suppliers lack economies of scale.
• D) the suppliers' industry is highly concentrated.
• E) cost advantages independent of size are negligible.

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Definitions:

Anesthesia

A medical technique that involves the use of drugs to block sensation, typically resulting in a loss of feeling or consciousness.

Central Nervous System

The part of the nervous system comprising the brain and spinal cord, controlling most functions of the body and mind.

Peripheral

Relating to or situated on the edge or periphery of something, often referring to the outermost areas of the body's nervous system.

Oblongata

Refers to the medulla oblongata, the lower portion of the brainstem controlling autonomic functions.