Suppliers Are Powerful When

question 27

Multiple Choice

Suppliers are powerful when:

• A)satisfactory substitutes are available
• B)they sell a commodity product
• C)they have credible threat of forward integration
• D)they are in a highly fragmented industry

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Definitions:

Inadvertent Breach

An unintentional failure to fulfill a contractual obligation or violation of a law, often due to oversight or misunderstanding.

Duty of Competence

The legal ethical requirement that lawyers maintain the knowledge, skill, and ability to provide competent representation to their clients.

Legal Profession

A field of occupation that includes lawyers, judges, paralegals, and other professionals who provide services related to the law.

Attorney-Client Confidentiality

A legal principle that ensures communication between a lawyer and their client remains private and cannot be disclosed without the client's permission.