A Supplier Gains Power When the Product Is

question 27

Multiple Choice

A supplier gains power when the product is:

• A)critical to the buyer, and switching costs are high.
• B)relatively unimportant to the seller, and switching costs are low.
• C)relatively unimportant to the seller, and switching costs are high.
• D)critical to the buyer, and switching costs are low.

---

Definitions:

Sikh Community

A religious and cultural group originating from the Punjab region of South Asia, adhering to Sikhism, which emphasizes monotheism and values like service and justice.

Caucasian

Originally denoting people from the Caucasus region, it is now often used in some countries to describe white individuals or those of European descent.

Mixed Race

Describes individuals whose ancestry includes two or more different racial backgrounds, often leading to a diverse cultural heritage.

Identity Crisis

A period of uncertainty, confusion, or questioning related to one's sense of self and identity, often occurring during adolescence or major life transitions.