What is supplier power?
A. The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).
B. High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market.
C. High when there are many alternatives to a product or service and low when there are few alternatives from which to choose.
D. The ability of buyers to affect the price they must pay for an item.
Answer: A
You might also like to view...
The availability of graphics and sophisticated drawing software facilitate inclusion of complex visuals in reports and spoken presentations
Indicate whether the statement is true or false
Courts have come to recognize the following as two categories of due process:
A) Commercial and Religious. B) Procedural and Commercial. C) Substantive and Procedural. D) Substantive and Ethical.
Which sentence is punctuated correctly?
A) Shipments have been made to Cincinnati, Ohio; Houston, Texas; and Reno, Nevada. B) Shipments have been made to Cincinnati, Ohio, Houston, Texas, and Reno, Nevada. C) Shipments have been made to Cincinnati; Ohio, Houston; Texas, and Reno; Nevada.
What is a mortgage?
A) A loan to purchase a house or other real property B) A security agreement in which real property is pledged as collateral for the related debt C) A contract to purchase a house or other real property D) Any loan associated with real property