If There Are ______ Large Suppliers of an Important Input,then

question 36

Multiple Choice

If there are ______ large suppliers of an important input,then suppliers can drive ______ the price of that input and result in ______ profits for companies in an industry.

• A)Few,up,lower
• B)Few,down,lower
• C)Many,up,higher
• D)Few,up,higher
• E)Many,down,lower

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Definitions:

Co-insurance Clause

A provision in an insurance policy that requires the policyholder to bear a portion of the risk by paying a percentage of the total claim amount.

Apportions Losses

The process of dividing or allocating financial losses among different parties, usually according to a predetermined formula or agreement.

Insurance Companies

Businesses that provide coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.

Coinsurance Clause

A provision in an insurance policy that requires the policyholder to bear a portion of the risk by paying a percentage of the total claim.