Suppliers Tend to Exhibit Greater Power If

question 2

Multiple Choice

Suppliers tend to exhibit greater power if:

• A)There are few suppliers of the raw material,product,or service
• B)There are many substitutes for the product or service that suppliers sell
• C)Suppliers are small businesses with regards to total sales volume
• D)The suppliers' products are undifferentiated and plentiful
• E)Suppliers cannot integrate forward

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Definitions:

Tactical Plans

Short-term, specific plans that are part of a larger strategy or strategic plan, aimed at achieving particular aspects of a goal.

Intermediate-Term Plans

Refers to strategic plans developed for a timeframe of typically 2 to 5 years, aiming at achieving medium-range objectives.

Functional Plan

A detailed, department-specific plan designed to achieve operational and strategic objectives within an organization.

Operations

The day-to-day activities necessary for running a business or organization, focusing on producing goods or providing services efficiently and effectively.