A Supplier Group Is Powerful If

question 57

Multiple Choice

A supplier group is powerful if:

• A) It is not concentrated
• B) It is not obligated to contend with other products for sale to the industry
• C) Raw materials are the major input cost
• D) Its product is not unique

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Definitions:

Participatory Planning

Includes the people who will be affected by plans and/or whose help is needed to implement them.

Increase Commitment

The process of enhancing dedication and loyalty towards a task, organization, or relationship, aiming for improved engagement and outcomes.

Scarce Resources

Natural or human-made assets that are limited in availability, often leading to competition for their use or allocation.

Participatory Planning

A planning approach that involves stakeholders, especially those affected by decisions, in the decision-making process to ensure inclusivity and relevance.