When the Bargaining Power of Suppliers and Buyers Is High

question 91

Multiple Choice

When the bargaining power of suppliers and buyers is high, companies in the industry will_____________ .

• A) find it more difficult to be profitable
• B) most likely use a growth strategy
• C) divest themselves of all of their cash cows
• D) engage in organizational restructuring
• E) not own any stars

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Definitions:

Uncertainty

Being in a situation where knowledge is constrained, preventing accurate depiction of the present condition, foreseeing an upcoming result, or determining various possible results.

Programmed Situation

A scenario or environment designed or predetermined to follow a specific sequence of events or operations.

Certainty

The condition of being sure about something or having no doubt.

Risk

The potential for losing something of value or the possibility of an adverse outcome, often quantified in terms of probability and impact.