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BCOR 2304 - Exam 1 Questions and
Correct Answers/ Latest Update / Already
Graded
Bargaining Power of Suppliers
Ans: How much influence suppliers have over prices and terms.
Few Suppliers Exist
Ans: Supplier power is high because firms have limited
sourcing options.
Unique or Highly Specialized Product (Supplier)
Ans: Supplier power increases because buyers cannot easily
replace it.
Reduced Availability of Substitutes (Supplier Inputs)
Ans: Fewer alternative inputs make suppliers more powerful.
Industry Firms Not a Significant Customer Group
Ans: Suppliers hold more power because losing the industry
doesn't hurt them.
All rights reserved © 2025/ 2026 |
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Suppliers' Goods Are Critical to Firms
Ans: Higher supplier power because firms depend heavily on
these inputs.
High Switching Costs (Supplier)
Ans: Buyers can't easily change suppliers, increasing supplier
power.
Bargaining Power of Buyers
Ans: The ability customers have to push prices down or
demand better terms.
Few Buyers Exist
Ans: Buyer power increases because each buyer matters more.
Product Not Unique or Specialized
Ans: Buyers have more power since they can switch easily.
High Availability of Substitute Products
All rights reserved © 2025/ 2026 |
BCOR 2304 - Exam 1 Questions and
Correct Answers/ Latest Update / Already
Graded
Bargaining Power of Suppliers
Ans: How much influence suppliers have over prices and terms.
Few Suppliers Exist
Ans: Supplier power is high because firms have limited
sourcing options.
Unique or Highly Specialized Product (Supplier)
Ans: Supplier power increases because buyers cannot easily
replace it.
Reduced Availability of Substitutes (Supplier Inputs)
Ans: Fewer alternative inputs make suppliers more powerful.
Industry Firms Not a Significant Customer Group
Ans: Suppliers hold more power because losing the industry
doesn't hurt them.
All rights reserved © 2025/ 2026 |
, Page |2
Suppliers' Goods Are Critical to Firms
Ans: Higher supplier power because firms depend heavily on
these inputs.
High Switching Costs (Supplier)
Ans: Buyers can't easily change suppliers, increasing supplier
power.
Bargaining Power of Buyers
Ans: The ability customers have to push prices down or
demand better terms.
Few Buyers Exist
Ans: Buyer power increases because each buyer matters more.
Product Not Unique or Specialized
Ans: Buyers have more power since they can switch easily.
High Availability of Substitute Products
All rights reserved © 2025/ 2026 |
