Which of the Following Is an Example of the Way

question 118

Multiple Choice

Which of the following is an example of the way that information technology can reduce supplier power for an organization?

• A) Switching costs
• B) Reverse auction
• C) Entry barrier
• D) Loyalty program

---

Definitions:

Channels

Mediums through which communication, information, or goods are delivered or distributed, such as television channels, social media platforms, or shipping channels.

Receiver

The individual or entity that gets or accepts something sent, given, or communicated to them.

Message

A piece of information or communication sent from one individual or group to another.

Channels

in communication refer to the mediums through which information is transmitted from one entity to another, such as verbal, non-verbal, written, and digital modes.