In the Context of the Specific Environment of an Organization

question 28

Multiple Choice

In the context of the specific environment of an organization, which of the following is a difference between supplier dependence and buyer dependence?

• A) Supplier dependence relates to the difficulty of finding consumers for a particular product, whereas buyer dependence relates to the difficulty of finding dealers of a particular product.
• B) Supplier dependence is the degree to which a company relies on a dealer for the dealer's product, whereas buyer dependence is the degree to which a supplier relies on a consumer.
• C) Supplier dependence takes into account the importance of a consumer to a supplier's sales, whereas buyer dependence takes into account the importance of a manufacturer's products to a company.
• D) A high degree of buyer dependence can lead to opportunistic behavior, whereas a high degree of supplier dependence does not lead to opportunistic behavior.

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Definitions:

Race

A social construct used to categorize humans into large and distinct groups by cultural, historical, physical, and social characteristics.

Political Freedom

The freedom to participate in the political process of one's country or society, including the rights to free speech, assembly, to vote, and to run for office.

Mid-Nineteenth-Century

A period in the 1800s characterized by significant social, economic, and political changes worldwide, roughly encompassing the years from 1830 to 1870.

Paper Money

Currency in the form of printed paper notes issued by a government or central bank as legal tender for transactions.