What Is One of the Most Common Ways a Company

question 42

Multiple Choice

What is one of the most common ways a company can decrease supplier power?

• A)Charge lower prices.
• B)Charge higher prices.
• C)Use standardised parts so that it can easily switch suppliers.
• D)Companies cannot impact supplier power.

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Definitions:

Genetic Factors

Influences determined by the genes an individual inherits from their parents, affecting various aspects of their physical and psychological traits.

Environmental Factors

Elements of the environment that can influence living organisms, including natural features, human activities, and social conditions.

Synapses

The junctions through which neurons communicate with each other, using chemical or electrical signals.

Human Beings

Members of the species Homo sapiens, characterized by their ability to adapt, think, and create complex cultures.