At a Procurement Site, Competition Among Sellers Is Likely to Increase

question 147

True/False

At a procurement site, competition among sellers is likely to increase.

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Definitions:

Supplier Power

The influence that suppliers have over the potential profits of the businesses they sell to, high supplier power can influence the terms and conditions of supplying goods and can affect price settings.

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or use in production.

Choices

The range of options available to someone at any given time for making decisions.

Online Banking

A service provided by banks that allows customers to perform financial transactions remotely via the internet.