Which of the Following Statements Describes a Scenario in Which

question 10

Multiple Choice

Which of the following statements describes a scenario in which the bargaining power of a supplier is strong?

• A) Competitors have decreased demand for raw materials.
• B) The availability of raw materials is limited.
• C) The supplier has excess inventory.
• D) There are many suppliers providing the same raw materials for comparable prices.

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Definitions:

Readily Purchased

Referring to goods or services that are available for immediate buy without needing special orders or long wait times.

Selection Priorities

Criteria or factors considered most important when choosing between options or making decisions.

Outsource Activities

The act of delegating certain tasks or operations to external vendors or companies.

Request For Tender

A formal, structured invitation to suppliers to submit a bid to supply products or services.