In Which One of the Following Instances Are the Competitive

question 41

Multiple Choice

In which one of the following instances are the competitive pressures stemming from supplier bargaining power NOT weakened?

• A) When industry members pose a credible threat of backward integration into the business of suppliers
• B) When the cost of switching from one supplier to another is low
• C) When the buying firms purchase in large quantities and thus are important customers of the suppliers
• D) When the item being supplied is a commodity
• E) When the items purchased from suppliers are in short supply

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Definitions:

Upper South

A region in the United States characterized by states that were historically part of the Confederacy but had mixed loyalties during the Civil War.

Lower South

Refers to the southernmost states of the U.S., including Alabama, Florida, Georgia, Louisiana, Mississippi, South Carolina, and Texas, known for their deep historical association with slavery and the Confederacy.

Presidential Election

A national election held in a country that determines who will hold the office of the president.

Southern States

Are states located in the southeastern and south-central regions of the United States, characterized by their distinct cultural, historical, and socio-economic profiles.