The Greater the Bargaining Power of the Key Suppliers in an Industry,the

question 36

True/False

The greater the bargaining power of the key suppliers in an industry,the greater will be the overall attractiveness of the industry.

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Definitions:

Political Response

Actions or strategies adopted by individuals or organizations to navigate, influence, or respond to political environments and regulations.

Government Scrutiny

The examination and close observation by government authorities into business practices, often to ensure legal and regulatory compliance.

Proactive

Refers to taking initiative and action to affect change or address issues before they occur, rather than reacting to events after they happen.

Managing Diversity

The practice of acknowledging, understanding, and leveraging differences among individuals in an organization to create an inclusive environment.