Supplier Power Is _________ When Buyers Have Few Choices from Whom

question 26

Multiple Choice

Supplier power is _________ when buyers have few choices from whom to buy and _________ when buyers have many choices.

• A) high; high
• B) high; low
• C) low; high
• D) low; low

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Definitions:

Compliance

The act of conforming, acquiescing, or yielding to a request, demand, proposal, or regimen without internal agreement.

Conformity

The process of aligning one's attitudes, beliefs, and actions with the norms or standards of a group or society.

Direct Request

A straightforward form of communication where an individual asks for what they need or want clearly and explicitly.

Social Pressure

is the influence exerted by society or a social group on an individual to conform to group norms or behaviors.