A Supplier's Bargaining Position Is Especially Strong When

question 60

Multiple Choice

A supplier's bargaining position is especially strong when:

• A)Many sources of the supply exist
• B)Other materials can be substituted for their specific supply
• C)The supply is vital to the organization
• D)The supply is free
• E)The supply is not protected by patent

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Definitions:

Unpaid Balance

The amount of money that is still owed on a loan or credit line that has not yet been paid.

Loan Principal

The amount of money that is borrowed and must be repaid, not including interest or any other charges.

Property Tax Payable

A liability representing taxes due on the property owned by an individual or company, typically paid annually.

Non-current Liability

Long-term financial obligations listed on a company's balance sheet that are not due within the upcoming twelve months.