Your Business Manufactures Motors

question 111

Multiple Choice

Your business manufactures motors. Based on prices and shipping, you only have one business as an option to buy bearings. This means there is high _________.

• A) buyer power
• B) supplier power
• C) threat of new entrants
• D) threat of substitutes

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Definitions:

Recognizable Company Name

A business name easily identified or recalled by the public due to its distinctiveness or familiarity.

Training

The process of enhancing the skills, capabilities, and knowledge of employees for improving the performance of a job.

Franchisor

A business that allows individuals or other companies to operate and sell its products or services under its brand and business model.