You Live in a Small Town with Only One Large

question 64

Multiple Choice

You live in a small town with only one large retailer. This means there is low ______.

• A) buyer power
• B) supplier power
• C) threat of new entrants
• D) threat of substitutes

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Definitions:

Mobile Devices

Portable electronic gadgets with computing capabilities, such as smartphones and tablets, used for communication, information, and entertainment.

Formal Channels

Official, recognized pathways for communication or information dissemination within an organization.

Informal Channels

Communication paths that are not officially sanctioned within an organization and often rely on personal relationships.

Organizational Communication

The process by which individuals within an organization share information and collaborate towards common goals.