Powerful suppliers capture more value by charging higher prices, limiting quality or services, or shifting cost to industry participants. Which of the following supplier-related factor will impose constraints on the profitability of the industry participants?Group of answer choicessuppliers depend heavily on the industrysuppliers are less concentrated than industry participantscredible threat of forward integrationmany substitutes being available for supplier products

Suppliers are most powerful when:Question 17Select one:There are very few or no substitutes availableWhen the bargaining power of buyers is highEconomies of scale in the industry are highCompetitive rivalry in the industry is high

Name the 4 most important factors for businesses when choosing suppliers:

Which of the following factors is not involved in supplier rating?  A. Quality  B. Price  C. Proximity  D. Performance

Identify which of the following is NOT considered vital when choosing a supplier*1 pointWhether or not the supplier is ethical and socially responsible in the way it does businessThe quality of the goods offered by the supplierThe market share held by the supplierThe price of the goods offered by the supplier

Select all that applyUnder which of the following circumstances might backward vertical integration lower costs?Multiple select question.when the item being supplied is a minor but costly component of the final productwhen there are many suppliers competing for market position by keeping prices lowwhen there are few suppliers in the marketwhen the item being supplied is a major component of the final product