_______ Is High When Buyers Have Few Choices of Whom

question 90

Multiple Choice

_______ is high when buyers have few choices of whom to buy from and low when their choices are many.

• A) Buyer power
• B) Supplier power
• C) Threat of new entrants
• D) Rivalry among existing competitors

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Definitions:

Differentiation Strategy

A business approach where a company develops unique products or services to stand out from competitors.

Organic Structure

An organizational format that is flexible, with low levels of formalization, wide spans of control, and decentralized decision-making.

Centralized

A system or organization where decision-making and the control of activities are concentrated in a central location or group.

Cost Leadership Strategy

A business approach aimed at becoming the lowest-cost producer in an industry to gain a competitive advantage.