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:

Rule of Four

A procedural rule of the United States Supreme Court stating that if four justices agree to grant a writ of certiorari, the Court will consider the case.

Writ of Certiorari

A legal term referring to a type of writ seeking judicial review, where a higher court is asked to order a lower court or agency to send the records of a case for review.

Justiciable Controversy

A dispute or case suitable for adjudication by a court, characterized by a real and substantial controversy that demands legal determination.

ADR

Alternative Dispute Resolution; methods outside the courtroom, such as mediation or arbitration, used to resolve disputes.