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Suppliers Can Gain Power from a Number of Sources in the Buyer

question 114

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Suppliers can gain power from a number of sources in the buyer / supplier relationship. When a buyer can threaten to cancel future business unless the supplier adheres to the buyer's demands, this is called a ________ source of power.


Definitions:

Malpractice Suits

Legal cases brought against professionals accused of failing to competently perform their duties, leading to harm to another person.

Informed-Consent Procedures

Includes the practices ensuring individuals are fully aware of and understand the potential risks and benefits before participating in any procedure.

Barter Services

The act of exchanging goods or services for other goods or services without using money as a medium.

Ethical Dilemmas

Situations where a person must choose between actions that are morally conflicting, challenging personal ethics.

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