If a Key Supplier's Bargaining Power Gets Too Strong, It

question 64

True/False

If a key supplier's bargaining power gets too strong, it can force the price of goods and services to unmanageably high levels.

---

Definitions:

Insurable Interest

The stake or financial interest an individual or entity has in the potential loss of something insured, ensuring they suffer a direct loss if an insured event occurs.

Good Faith

A sincere intention to deal fairly with others without any intention to deceive or commit fraud.

Coinsurance Clause

A provision in an insurance policy requiring the policyholder to bear a portion of the costs of a claim, reducing the insurer’s risk.

Fire Insurance Policy

A contract that provides compensation for damage or loss of property due to fire.