The Bargaining Power of Suppliers Increases If

question 138

Multiple Choice

The bargaining power of suppliers increases if

• A)the cost of switching suppliers is relatively low.
• B)there are only a few competitors to the supplier.
• C)the input in question is not a critical component of production.
• D)the input supplied is relatively standardised.

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Definitions:

Effect Size

A quantitative measure of the magnitude of a phenomenon, indicating the size of an effect or difference in a statistical model.

Effect Size Formula

A computational method used to quantify the strength of the relationship between two variables or the magnitude of difference between groups.

Population Standard Deviation

A measure of the amount of variation or dispersion of a set of values in a population.

Sample Size

The number of observations or entities considered in a statistical sample.