Which of the following is not a reason that industry rivals are often motivated to enter into strategic partnerships with key suppliers?Multiple Choiceto enhance the quality of parts and components being supplied and/or to reduce defect ratesto speed the availability of next-generation componentsto reduce the bargaining power they face from buyers of their productsto squeeze out important cost savings for both themselves and their suppliers

The strength or weakness of the potential entry of rivals as a competitive force isMultiple Choicestrongly correlated with the level of supplier power and with the number of suppliers that may seek to integrate forwards into the industry.contingent upon the strength of buyer loyalty to existing brands.contingent upon whether the industry’s growth and profit prospects are strongly attractive to potential entry candidates.contingent upon whether the strategies of industry members are well matched to the industry’s key success factors.strongly correlated with the degree to which the industry’s driving forces make it harder or easier for new entrants to be successful.

The rivalry among competing sellers in an industry intensifiesMultiple Choicewhen buyer demand for the product is growing rapidly.when customers are brand loyal and their costs to switch to competing brands or substitute products are relatively high.when buyer demand is strong and sellers have little or no excess capacity and only minimal inventories.as the number of rivals increases and as they become more equal in size and competitive capability.when the products of rival sellers are highly differentiated products and the industry consists of so many rivals that any one company’s actions have little direct impact on rivals’ business.

The second reason why firms decide to join or form strategic alliances.Select one:a.financial freedomb.weak investmentsc.limited suppliersd.constrained resources

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: