The Strength of Competitive Pressures That Suppliers Can Exert on Industry

question 5

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 or whether ample supplies are readily available from several different suppliers.
• B) whether suppliers self-manufacture what they supply or source their items from other manufacturers.
• C) the industry's position in the growth cycle.
• D) whether technological change in the businesses of suppliers is rapid or slow.
• E) whether the needs and expectations of buyers of the industry product are changing slowly or rapidly.

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Definitions:

1990s

The 1990s refer to the decade between January 1, 1990, and December 31, 1999, marked by significant global events, technological advancements, and cultural shifts.

States' Rights

The rights and powers held by individual US states rather than by the federal government.

Civil Rights Movement

The Civil Rights Movement was a decades-long struggle by African Americans and their allies in the mid-20th century to end institutional racial discrimination, disenfranchisement, and racial segregation in the United States.

Racial Inequality

Refers to disparities in outcomes and opportunities among individuals based on their race or ethnicity, often manifesting in economic, educational, and social settings.