________ Are Used to Ensure That Suppliers Operate to the Ethical

question 9

Multiple Choice

________ are used to ensure that suppliers operate to the ethical standards set by a company.

• A)Standards of engagement
• B)Codes of conduct
• C)Codes of ethics
• D)All the three terms are used, they have roughly the same meaning

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Definitions:

Monopoly Power

The ability of a single company or entity to control or dominate an industry or sector, reducing competition.

Market Share

The portion of a market controlled by a particular company or product.

Tying Arrangements

Business practices where the seller conditions the sale of one product (the "tying" product) on the buyer's agreement to purchase a second, distinct product (the "tied" product).

Economic Power

The ability of an entity or country to influence or control economic conditions and policies, often through wealth, production capacity, or market influence.