Suppliers Are Powerful When the Industry Is Dominated by a Few

question 117

True/False

Suppliers are powerful when the industry is dominated by a few large companies, no satisfactory substitutes are available, the selling industry is relatively more concentrated than the purchasing industry, or switching costs are high.

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Definitions:

Inattentive

Characterized by a difficulty in maintaining focus or paying attention, often leading to oversight or errors.

Impulsive

Acting quickly without thought or care for the consequences.

Experiential Intelligence

The ability to apply knowledge and skills gained from personal experience to new and different situations.

Componential Intelligence

Part of Sternberg's Triarchic Theory of Intelligence, focusing on analytical skills such as problem-solving, logical reasoning, and the ability to analyze.