When Is the Bargaining Power of Suppliers High

question 74

Multiple Choice

When is the bargaining power of suppliers high?

• A)When the cost of switching suppliers is low
• B)If prices of substitutes are low
• C)If suppliers can realistically threaten forward integration
• D)When the rate of investment is low

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Definitions:

Abstract

Referring to concepts or ideas that are not concrete or tangible, but are instead thought of in a theoretical or conceptual way.

Chopsticks

Eating utensils consisting of a pair of long, thin pieces of wood or other material, commonly used in many East Asian countries.

Ought-Actual Discrepancy

The gap between how individuals believe they should be (ought self) and how they actually perceive themselves (actual self), potentially leading to stress or discomfort.

Self-Awareness

The conscious knowledge and recognition of one's own character, feelings, motives, and desires.