A Single Source Supplier May Hold the Buyer Hostage by Unduly

question 62

True/False

A single source supplier may hold the buyer hostage by unduly raising prices or becoming too complacent,particularly when there are higher switching costs.

---

Definitions:

Performance Testing

Testing conducted to determine the speed, responsiveness, and stability of a system under a workload.

Aptitude Tests

Standardized tests designed to measure an individual's potential to acquire skills or knowledge, commonly used in educational and professional settings.

General Ability

A person's overall capability to perform a wide variety of tasks, often associated with cognitive functions like reasoning, problem-solving, and understanding.

Scale Development

The process of designing, testing, and validating a scale or instrument for measurement, typically of attitudes, attributes, or behaviors.