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.

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Definitions:

Training Costs

The expenses incurred in the process of developing the skills and knowledge of employees.

Merit Pay Plan

A compensation strategy that awards pay increases or bonuses based on an employee's performance, accomplishments, or achievements.

High Pay

A level of remuneration that is significantly above the average or expected salary for a job or position.

Perform

To carry out, execute, or conduct (an action or task).