Asked by Pierre Cronje on Sep 24, 2024
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.
Verified Answer
Learning Objectives
- Understand the factors that improve bargaining position when contracting with a supplier.
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