The Relative Bargaining Power of Suppliers Is High When

question 47

Multiple Choice

The relative bargaining power of suppliers is high when

• A) suppliers provide products that are differentiated.
• B) incumbent firms face low supplier switching costs.
• C) incumbent firms can credibly threaten to backward integrate into the industry.
• D) suppliers depend heavily on the industry for a large portion of their revenues.

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Definitions:

Short-Term Memory

The capacity to hold a small amount of information in mind in an active, readily available state for a short period of time.

Capacity

The maximum amount that something can contain or produce, or the ability of an individual or system to execute tasks or processes.

Iconic Memories

A type of visual memory that lasts a very short time, representing an exact replica of an observed scene or object.

Echoic Memories

A type of sensory memory that retains audio information for up to a few seconds after the original sound has ceased.