In Which One of the Following Instances Are the Competitive

question 68

Multiple Choice

In which one of the following instances are the competitive pressures that industry members experience in their dealings with suppliers not weakened?

• A) When industry members pose a credible threat of backward integration into the business of suppliers
• B) When the cost of switching from one supplier to another is low
• C) When the buying firms purchase in large quantities and thus are important customers of the suppliers
• D) When the item being supplied is a commodity
• E) When the items purchased from suppliers are in short supply

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Definitions:

Principal

The original sum of money borrowed in a loan or put into an investment, not including profits or interest.

Sum Of Cubes

A special algebraic formula or identity that expresses the sum of two cubes in terms of a product of a binomial and a trinomial.

Polynomial

A mathematical expression consisting of variables and coefficients that involves only the operations of addition, subtraction, multiplication, and non-negative integer exponents.

Grouping

A method in algebra to simplify expressions or solve equations by combining or partitioning terms.