The Bargaining Leverage of Suppliers Is Greater When

question 22

Multiple Choice

The bargaining leverage of suppliers is greater when

• A) there are no good substitutes for the items being furnished by the suppliers and the number of suppliers is relatively small.
• B) industry members incur low costs in switching their purchases from one supplier to another.
• C) industry members purchase in large quantities and thus are important customers of the suppliers.
• D) there is extensive seller-supplier collaboration.
• E) the supplier industry is composed of a large number of relatively small suppliers.

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Definitions:

Church of England

The primary state church in England, a Christian church of the Anglican tradition, characterized by a middle path (via media) between Roman Catholicism and Protestantism.

Catherine of Aragon

The first wife of King Henry VIII of England, whose marriage's annulment led to the English Reformation and the creation of the Church of England.

Bloody Mary

A cocktail made with vodka, tomato juice, and various spices and flavorings including Worcestershire sauce, hot sauces, and celery.

English Protestants

Followers of Protestantism in England, a movement that emerged in the 16th century seeking reforms in the Church of England.