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:

Free-Agent Economy

An economic system where individuals act as independent contractors or freelancers, rather than being committed to a single, long-term employer.

Independent Contracts

Refers to agreements or arrangements where individuals or entities provide services to another entity as non-employees, typically governed by contractual terms.

Shifting Mix

Changing the combination or proportion of elements within a group, portfolio, or formula to achieve a desired outcome or balance.

Broad Purpose

A wide-ranging or general aim that an organization or individual seeks to achieve, often encompassing various specific objectives.