Supplier Power Is the Degree to Which Firms in the Supply

question 173

True/False

Supplier power is the degree to which firms in the supply industry are able to dictate favorable contract terms.

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Definitions:

Rewarded Behaviours

Actions that are followed by a reward, thus increasing the likelihood of those behaviors being repeated in the future.

Law of Effect

A psychological principle suggesting that behaviors followed by satisfactory outcomes are likely to recur, while those followed by unsatisfactory outcomes are less likely to be repeated.

Satisfying Effects

Positive outcomes or feelings that result from fulfilling or exceeding one's needs or expectations.

Stimulus

Any occurrence or state that triggers a response from a biological entity.