If a Supplier Has a Limited Number of Buyers, Then

question 83

Multiple Choice

If a supplier has a limited number of buyers, then the ________.

• A)threat of substitutes is low
• B)network effects are greater
• C)buyers have to deal with greater switching costs
• D)buyers will have more power

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Definitions:

Naive Forecast

A forecasting technique that assumes future values will be the same as past values, often used as a baseline for more complex models.

Time-series Data

Data points collected or recorded at successive points in time, often used to analyze trends, cycles, or patterns.

Seasonal Variation

Periodic fluctuations in data or phenomena that occur at regular intervals within a year due to seasonal factors.

Cycles

Periods or sequences in a system or process that repeat in a regular pattern, such as the phases of economic growth and decline or the operation of machinery.