The Internet Tends to Lower the Bargaining Power of Suppliers

question 104

True/False

The Internet tends to lower the bargaining power of suppliers.

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Definitions:

Flexibility Types

Various classifications of adaptability in an organization, including but not limited to workflow, workforce, and product/service flexibility.

Employee Concerns

Issues or problems raised by employees related to their work environment, job duties, management practices, or workplace relationships.

Just In Time

A management strategy that aligns raw-material orders from suppliers directly with production schedules to increase efficiency and reduce waste.

Continuous Improvement

An ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.