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:

United States

A country in North America, consisting of 50 states and a federal district, known for its large economy and cultural influence worldwide.

Outstanding Shares

The total number of shares of a corporation that have been issued and are held by shareholders, including restricted shares owned by company insiders.

Book Value

The net value of an asset as recorded on the balance sheet, calculated by deducting the accumulated depreciation or amortization from the original cost of the asset.

Fair Market Value

The price an asset would sell for on the open market when certain conditions are met, such as both the buyer and seller are knowledgeable, willing, and not under duress.