Which of the Following Is an Example of the Way

question 118

Multiple Choice

Which of the following is an example of the way that information technology can reduce supplier power for an organization?

• A) Switching costs
• B) Reverse auction
• C) Entry barrier
• D) Loyalty program

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Definitions:

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specific period.

Alter

To change, modify, or adjust.

Quantity Supplied

The capacity of goods or services that producers are inclined and qualified to vend at an identified price for a designated span of time.

Price Rises

An increase in the cost of goods or services over time, often referred to as inflation.