When a Chain of Coffee Shops Teams with a Communications

question 84

Multiple Choice

When a chain of coffee shops teams with a communications company to provide faster wireless Internet service to its customers, this is an example of

• A)continuous process.
• B)a strategic alliance.
• C)mass customization.
• D)an organic structure.
• E)the value chain.

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Definitions:

Suppliers Concentrated

A market condition where a small number of suppliers provide a large portion of a particular product or service, which can lead to less competition and higher prices.

Switching Costs

Economic barriers that prevent or discourage consumers from changing products or service providers.

Supplier Power

Refers to the ability of providers of goods or services to influence the price and terms under which those goods or services are sold.

Critical Inputs

Essential resources or components required for a production process or operational function.