A Group of Shoe Manufacturing Firms Purchases Raw Materials Collectively

question 89

Multiple Choice

A group of shoe manufacturing firms purchases raw materials collectively from a single supplier to obtain better deals. This is an example of obtaining competitive advantage by ________.

• A)differentiating the industry
• B)locking in customers
• C)establishing alliances
• D)enhancing the products

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Definitions:

Executive Jet

A small, private aircraft used by corporations or individuals for business travel, offering speed, luxury, and convenience.

Forestalling

The act of preventing an issue or problem before it arises, often by taking preemptive measures.

Mildew-Proofing

The process or treatment involved in making materials resistant to mildew growth, typically used in textiles and building materials.

Nonverbal Communication

Unspoken communication such as physical space, appearance, handshake, and body movement.