Suppliers Can Exert Bargaining Power on Participants in an Industry

question 79

Multiple Choice

Suppliers can exert bargaining power on participants in an industry by:

• A) Stabilizing their cost bas
• B) Lowering prices
• C) Raising prices
• D) Increasing the quality of services

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Definitions:

Functional Structure

An organizational design that groups employees according to their specialized roles or functions within the company, aiming for operational efficiency.

Horizontal Flow

The movement of goods, information, or services across similar levels of an organization or among departments without a hierarchical order.

Expertise

A high level of knowledge or skill in a particular area or field.

Divisional Structure

An organizational framework where operations are segmented based on products, services, or geographical markets.