Asked by Akyaira Stinson on May 22, 2024
Verified
Which of the following increases supplier power?
A) Globalization
B) Integrated supply chains
C) Intermediation
D) Internet searching
Supplier Power
The influence that suppliers may have over the businesses they supply, affecting terms, pricing, and availability of products or services, potentially impacting competitive dynamics in an industry.
Globalization
The process of increasing interconnectedness and interdependence among countries, typically with respect to economics, politics, and culture.
Integrated Supply
A strategy that synchronizes the flow of materials and information among various suppliers to ensure efficient and cost-effective operations.
- Analyze the effects of globalization, technology advancement, and integrated supply chains on supplier power.
Verified Answer
Learning Objectives
- Analyze the effects of globalization, technology advancement, and integrated supply chains on supplier power.
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