A Supplier of an Input Is Unlikely to Have Bargaining

question 107

Multiple Choice

A supplier of an input is unlikely to have bargaining power if

• A)the input supplied is specialised.
• B)many firms can supply the input.
• C)it is the sole supplier of the input.
• D)it has a patent on the input.

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Definitions:

Perceived Limited Resources

The belief that there are not enough resources available to meet the needs or demands of individuals or groups.

Intergroup Conflict

Tension or disagreement between different groups, often caused by competition, differing values or goals, or resource scarcity.

Task Interdependency

The extent to which tasks in an organization require collaboration and cooperation among team members to be completed successfully.

Family-Run Businesses

Businesses operated and often owned by members of the same family, typically involving multiple generations.