Suppliers in an Industry Are Most Powerful When

question 41

Multiple Choice

Suppliers in an industry are most powerful when

• A) there are few substitutes for the product suppliers sell.
• B) switching costs are low.
• C) companies in the industry can threaten to enter the suppliers' industry.
• D) substitute products are readily available.
• E) all of these choices

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Definitions:

Verbal Skills

The abilities pertaining to the use of language for communication, including speaking, listening, reading, and writing.

Spatial Control

The ability to manipulate and understand the positioning and movement of objects in space, including one's own body.

Motor Control

The ability to regulate or direct the mechanisms essential to movement, involving the coordination of muscles and limbs.

Language Skills

Abilities related to the comprehension, use, and production of spoken and written language, including grammar, vocabulary, and communication.