An Example of a Supplier That Used Its Bargaining Power

question 154

Multiple Choice

An example of a supplier that used its bargaining power to charge high prices to its customers is

• A) Wal-Mart, which required many of its suppliers to alter their distribution systems to accommodate Wal-Mart's need to control the flow of goods to its stores.
• B) the firms that supply paper napkins to McDonald's restaurants.
• C) the Technicolor Company, the sole producer of cameras and film that movie studios needed to produce color movies in the 1930s and 1940s.
• D) the publishers of the Encyclopedia Britannica.

Identify the appropriate statistical techniques for comparing population means and proportions.

Grasp the statistical basis for pooling proportions when constructing confidence intervals or conducting hypothesis tests.

Understand the relationship between sample proportions and their corresponding population proportions.

Distinguish between the variance of differences in sample proportions and population proportion variances.