Supplier Power Is One of Porter's Five Forces and It

question 185

True/False

Supplier power is one of Porter's five forces and it measures the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).

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Definitions:

First Movie Star

A term referring to the first cinematic actor or actress who gained widespread fame and recognition for their work in film.

Florence Lawrence

Florence Lawrence is considered the first movie star, having been the first film actress whose name was used to promote films in the early 20th century, thus pioneering celebrity endorsement in cinema.

Lillian Gish

An iconic American actress who starred in many silent films, often called "The First Lady of American Cinema," known for her collaborations with director D.W. Griffith.

Motion Picture Patents Company

A trust of major American film companies that held a monopoly on film production and distribution in the early 1900s, leading to antitrust actions.