Supplier Concentration, Switching Costs, Attractiveness of Substitutes, and Threat of Forward

question 6

Multiple Choice

Supplier concentration, switching costs, attractiveness of substitutes, and threat of forward integration are factors that have a direct impact on ________.

• A) threat of new entrants
• B) bargaining power of buyers
• C) rivalry among existing firms
• D) threat of substitutes
• E) bargaining power of suppliers

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Definitions:

Big Risks

Actions or decisions in any context that carry a significant potential for negative outcomes but also potentially high rewards.

Democratic Leader

A person in charge who confers final authority on the group.

Product Development

The creation of new products or enhancement of existing ones, from idea through design, testing, and finally to market introduction.

Consultative Leader

A leadership style characterized by seeking input and feedback from team members before making decisions.