A Supplier Group Would Be Most Powerful When There Is/are

question 49

Multiple Choice

A supplier group would be most powerful when there is/are

• A) many suppliers.
• B) few substitute products.
• C) low differentiation of products supplied.
• D) high threat of backward integration by the buyers.

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Definitions:

Shared Value

Shared value is a business strategy focused on creating economic value in a way that also produces value for society by addressing its challenges and needs.

Socio-Economic

Pertaining to or dealing with how social and economic elements impact each other.

CSR Approaches

Strategies and practices companies use to conduct business in an ethical and socially responsible manner, aiming to positively impact society.

Social Responsibility Audit

An evaluation process assessing how well a company’s operations align with societal expectations regarding environmental, ethical, and social standards.