The Bargaining Power of Suppliers Increases as

question 52

Multiple Choice

The bargaining power of suppliers increases as

• A) threat of forward integration by suppliers increases.
• B) importance of buyers to supplier group increases.
• C) switching costs for buyers decrease.
• D) more suppliers enter the market.

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Definitions:

Contact Cultures

Societies or communities that prefer close physical proximity and touch as part of social interactions.

Personal Space

The physical area surrounding an individual that they regard as psychologically theirs, comfort levels with proximity vary across cultures and individuals.

Noncontact Cultures

Societies or communities that maintain social distance and prefer minimal physical contact in social interactions.

Ambience

The character and atmosphere of a place, often created by its aesthetic qualities, lighting, and environment.