Which of the Following Represents Supplier Power in Porter's Five

question 43

Multiple Choice

Which of the following represents supplier power in Porter's Five Forces Model?

• A) High when buyers have few choices of whom to buy from and low when their choices are many
• B) Low when buyers have few choices of whom to buy from and high when their choices are many
• C) High when buyers have many choices of whom to buy from and low when their choices are few
• D) None of the above

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Definitions:

Local Auto Repair

A business that provides automotive repair services within a community, often focusing on a wide range of vehicle maintenance and repair tasks.

Expanding

The process of growing in size, scope, or scale, such as a business increasing its operations or market reach.

Ethical Decisions

Decisions made based on moral principles, considering what is right, fair, and just.

Clear-cut

Direct and unmistakable in presentation or articulation.