The Strategic Contingencies Model Suggests

question 82

Multiple Choice

The strategic contingencies model suggests

• A)the more difficult it is find a substitute,the less power held by the person with the substitute.
• B)the more unique your resource,the more power you will have.
• C)the more vital the resources you control,the less power you hold.
• D)the more dependent an individual is on another,the less power the one being depended on has in the situation. a()Difficult/Analysis

---

Definitions:

Income

This is the financial gain (money) earned by an individual or entity, usually over a period of time, through work, investments, or business ventures.

Demand

The total amount of a good or service that consumers are willing and able to purchase at various prices during a specified period.

Complementary Goods

Products or services that are used together, where the use of one increases the value of the other.

Substitute Products

Goods or services that can be used in place of each other; when the price of one increases, demand for the substitute is likely to increase.