Acme Global Is Considering Expanding the Number of Suppliers It

question 94

Multiple Choice

Acme Global is considering expanding the number of suppliers it uses.It is concerned that it is too dependent on two suppliers.Acme Global is analyzing the _____ in the five forces model.

• A) threat of substitute products and services
• B) power of suppliers
• C) rivalry among competitors
• D) power of buyers

---

Definitions:

Cross-Functional Collaboration

A cooperative effort involving members of different departments or functional areas within an organization, working together towards common goals.

Formalization

The extent to which policies, procedures, job descriptions, and rules are written and explicitly articulated within an organization.

Specialization

The process of focusing on and becoming an expert in a particular area of knowledge, skill, or activity.

Standardization

The process of implementing and developing technical standards to ensure uniformity and consistency across different products, services, or procedures.