Supplier Power Tends to Be Highest in Industries Where Products

question 80

True/False

Supplier power tends to be highest in industries where products are vital to buyers, where switching from one supplier to another is very costly, and where there are many suppliers.

---

Definitions:

Correlate Strongly

To correlate strongly means that two or more variables have a significant association or relationship, where changes in one variable are consistently associated with changes in another.

Predictive Validity

The extent to which a score on a scale or test predicts scores on some criterion measure.

Predictive Validity

The extent to which a score on a scale or test predicts future behavior or outcomes.

IQ Scores

A measure of a person's intellectual abilities in relation to the average performance of individuals in the same age group.