In the Five-Forces Model, Conditions Under Which a Supplier Group

question 130

Multiple Choice

In the Five-Forces model, conditions under which a supplier group can be powerful include all of the following except

• A)lack of importance of the buyer to the supplier group.
• B)high differentiation by the supplier.
• C)readily available substitute products.
• D)dominance by a few suppliers.

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Definitions:

Price Ceiling

Government-imposed maximum legal price.

Price Floor

Government-imposed minimum price (used almost exclusively to keep agricultural commodity prices up).

Productivity

Output per unit of input; efficiency with which resources are used.

Acre of Land

A unit of area used in the United States and the United Kingdom, equivalent to 43,560 square feet.