Which of the Following Is NOT Descriptive of a High

question 67

Multiple Choice

Which of the following is NOT descriptive of a high level of bargaining power of suppliers?

• A) Substitutes are readily available.
• B) The product or service is unique.
• C) The supplier industry is dominated by a few companies, but sells too many.
• D) The purchasing industry buys only a small portion of the supplier group's goods and services.
• E) Suppliers are able to integrate forward and compete directly with their present customers.

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Definitions:

Underlying Norms

Fundamental, often unspoken rules that govern behavior within a group or society.

Political Situation

A scenario characterized by the distribution of power and authority among individuals or groups and the dynamics of political actions and decisions.

Cognitive Dissonance

The inconsistency between a person’s beliefs, attitudes or behaviors.

Ingratiation

A psychological technique wherein an individual attempts to become more attractive or appealing to another person or group by praising or flattery.