Asked by Pierre Cronje on Sep 24, 2024

verifed

Verified

​Which of the following will improve your bargaining position when contracting with a supplier

A) ​Your supplier merges with an another large supplier of the same product
B) You redesign your product to be more feasibly accepting of many suppliers' parts
C) You redesign your product so that your preferred supplier is more integral to product success
D) ​Your supplier's chief competitor has exited the market

Bargaining Position

The relative power or leverage that a party has in negotiation settings, which can influence the terms and outcome.

Supplier Merges

The process of two or more suppliers combining their operations or assets into a single entity, potentially affecting market competition and supply chain dynamics.

Product Redesign

The process of changing or updating a product's features, appearance, or performance to improve its appeal or functionality.

  • Understand the factors that improve bargaining position when contracting with a supplier.
verifed

Verified Answer

RR
Raquel Rojas1 day ago
Final Answer :
B
Explanation :
Redesigning your product to accept parts from multiple suppliers increases your flexibility and options, thereby improving your bargaining position by reducing dependency on any single supplier.