The Bargaining Power of Suppliers Increases If

question 43

Multiple Choice

The bargaining power of suppliers increases if

• A)the cost of switching suppliers is relatively low.
• B)there are only a few competitors to the supplier.
• C)the input in question is not a critical component of production.
• D)the input supplied is relatively standardized.

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Definitions:

Organizational Culture

Refers to the shared values, beliefs, and practices that shape how work is done within an organization.

Harley-Davidson

An American motorcycle manufacturer known for its heavyweight motorcycles designed for cruising on highways.

Organizational Culture

The shared values, beliefs, and norms that influence the way members of an organization interact with each other and with stakeholders.

New Culture

The process or result of developing and implementing new sets of norms, values, attitudes, and practices within a group or organization.