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:

Creative Behaviour

Actions demonstrating ingenuity, originality, or the ability to generate innovative ideas and solutions.

Autonomy

The degree of independence or self-direction an individual or entity has to make their own choices and decisions.

Positive Affect

The extent to which an individual feels enthusiastic, active, and alert, representing a state of high energy and pleasurable engagement.

Meaningful Work

Refers to the perception that one's job fundamentally matters and makes a positive contribution to society.