Suppliers in an Industry Are Most Powerful When

question 41

Multiple Choice

Suppliers in an industry are most powerful when

• A) there are few substitutes for the product suppliers sell.
• B) switching costs are low.
• C) companies in the industry can threaten to enter the suppliers' industry.
• D) substitute products are readily available.
• E) all of these choices

---

Definitions:

Organizational Requirements

The needs or conditions that an organization must meet to achieve its objectives effectively.

HR Forecasting

The process of predicting future human resources needs of an organization based on current data, trends, and projected changes in the business environment.

Workforce Knowledge

The collective skills, expertise, and understanding possessed by an organization’s employees.

Skill Competencies

The set of abilities, knowledges, and skills that enable an employee to perform job tasks successfully.