In Which of the Following Situations Is the Power of Suppliers

question 59

Multiple Choice

In which of the following situations is the power of suppliers high in an industry?

• A) Suppliers offer products that are undifferentiated.
• B) Suppliers can credibly threaten to backward integrate into the industry.
• C) Suppliers depend heavily on the industry for their revenues.
• D) Suppliers' industry is more concentrated than the industry it sells to.

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Definitions:

Multiple Forgeries

The act of committing forgery across numerous instances or on several objects, intensifying the severity of the fraud.

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States, aiming to standardize laws across states.

Negligent

Failing to take proper care in doing something, resulting in damage or harm to another person.

Certified Check

A check verified by a bank, confirming that the signer has enough funds in their account to cover the check amount.