Organizations Can Lock in Suppliers Either by Making It Difficult

question 29

Multiple Choice

Organizations can lock in suppliers either by making it difficult to switch to another organization or by ________.

• A)increasing the margin on their products
• B)reducing investments in their supply chain
• C)making it easy to work with the organization
• D)reducing the bargaining power of consumers

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Definitions:

British Pound

The currency of the United Kingdom, widely used in international finance and trade.

Production Materials

Raw materials and components used in the manufacturing process to create finished goods.

Held-To-Maturity

A categorization for investments in fixed income securities that the investor intends and is able to hold until the date of maturity.

Fair Value Method

An accounting approach used to assess and report the value of certain assets and liabilities at their current market prices.