The Strength of Competitive Pressures That Suppliers Can Exert on Industry

question 26

Multiple Choice

The strength of competitive pressures that suppliers can exert on industry members is MAINLY a function of

• A)whether needed inputs are in short supply and whether suppliers provide differentiated input that enhances performance of the product.
• B)whether suppliers self-manufacture what they supply or source their items from other manufacturers.
• C)whether the industry's position in the growth cycle is favorable.
• D)whether technological change in the businesses of suppliers is rapid or slow.
• E)whether the needs and expectations of supplier-seller relationships are changing slowly or rapidly.

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Definitions:

Impulse Control

The ability to resist or delay an immediate response or desire.

Resilience

The capacity to recover quickly from difficulties; toughness and the ability to bounce back from adversity.

Self-regard

An individual's perception, understanding, and respect for themselves, contributing to their self-esteem and confidence.

Stress Tolerance

The ability of an organism or system to withstand and adapt to stress or adversity.