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:

Preferential-Looking

A research technique used in developmental psychology to study visual attention and preferences in infants by measuring how long they look at different stimuli.

Habituation Research

The study of the psychological and physiological processes involved in becoming accustomed to a stimulus through repeated exposure.

Perceptual Abilities

The capacity to perceive, interpret, and understand sensory information.

Scrambled Faces

Scrambled Faces refers to a technique used in psychological experiments where facial features are mixed to study recognition and emotional response.