In Porter's Five Forces, Supplier Power Is High If: Please

question 22

Multiple Choice

In Porter's Five Forces, supplier power is high if: Please select all that apply.

• A) The supplier technology is difficult for the buying firm to understand
• B) There are many suppliers to chose from
• C) Switching costs are low
• D) There are few suppliers to chose from

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Definitions:

Somatic Nervous

A component of the peripheral nervous system associated with the voluntary control of body movements via skeletal muscles.

Central Nervous System

The part of the nervous system that includes the brain and spinal cord, responsible for processing and sending out nerve signals.

Somatic Nervous System

A part of the peripheral nervous system responsible for voluntary movements of muscles and the reception of external stimuli.

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, including heart rate, digestion, and respiratory rate, consisting of the sympathetic and parasympathetic divisions.