In Which One of the Following Instances Is Supplier Bargaining

question 70

Multiple Choice

In which one of the following instances is supplier bargaining power and leverage not weakened?

• A) When industry members pose a credible threat of backward integration into the business of suppliers
• B) When the cost of switching from one supplier to another is low
• C) When the buying firms purchase in large quantities and thus are important customers of the suppliers
• D) When the item being supplied is a commodity
• E) When the items purchased from suppliers are in short supply

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Definitions:

Motivating People

The process of inspiring, encouraging, and stimulating individuals or groups to take action or achieve their goals.

Leadership

The skill or ability to lead, guide, and influence the behavior of individuals or groups towards achieving a common goal.

Gaining Commitment

Refers to the process of securing agreement from stakeholders or team members on a particular course of action, plan, or project.

Motivating People

The process of inspiring or encouraging individuals to take action or exhibit behaviors aimed at achieving specific outcomes.