Organizations Can Lock in Suppliers by Making It Difficult to Switch

question 94

Multiple Choice

Organizations can lock in suppliers by making it difficult to switch to another organization or by ________.

• A) making it easy for the customers to switch products
• B) reducing investments in their supply chain
• C) making it easy to work with the organization
• D) reducing the bargaining power of consumers

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Definitions:

Internal Combustion Engine

An engine in which the combustion of a fuel occurs with an oxidizer in a combustion chamber.

Steam Engine

A heat engine that performs mechanical work using steam as its working fluid, playing a crucial role in the Industrial Revolution by powering machinery, locomotives, and ships.

Toxic Dumps

Sites where hazardous waste is disposed of without proper precautions, often causing environmental contamination and health issues for nearby communities.

Oil Refineries

Oil refineries are industrial processing plants where crude oil is transformed and refined into more useful products like gasoline, diesel, and other petrochemicals.