Suppliers in an industry are most powerful when:a.there are few substitutes for the products that they sell.b. switching costs are low.C.their profitability is significantly affected by the purchases of companies in a particularindustry.d. they refrain from entering their customers' industry because of lack of resources.

a.There are few substitutes for the product suppliers sell

Answered: Suppliers in an industry are most…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The selection of a supplier establishes the crucial issues that will determine whether the organization's procurementprocess is successful or unsuccessful. Critically examine how Food Lovers (fresh fruit and vegetables, meat supermarket) will detect which supplier is able to supply its requirements satisfactorily, both strategically and operationally in the short and long term. Kindly use examples to explain answers more in detail
(1) Why can’t companies just stockpile hugeinventories of all the parts and materials they needrather than carefully manage supply from one day tothe next? (2) Why would a company invest time andmoney in helping its suppliers improve their businesspractices? Why not just dump underperformers andget better suppliers?
What are the actions that the suppliers should promote? (It should contain the relevant role of suppliers in the promotion of common good)
One of the following statement is not a reason why to buy a product. a. The supplier can provide discounts. b. Complete control over the product. c. You prefer one brand over another. d. Strategic partnerships are possible.
Choose an organization that creates products that are sold to other businesses and uses at least two different sales channels (the organization may or may not use any intermediaries). Briefly describe the organization, its target market, its competitive situation, and the products that it produces (NOTE: If the company is very large and produces many diverse product lines, you should narrow your focus to just one division or product line of that company). Classify and describe the multi-channel distribution system for the product line and assess the appropriateness of its design in relation to its desired service output levels (e.g., lot size, waiting time, spatial convenience). Discuss the role that business-to-business e-Commerce plays in the marketing channel associated with the selected organization (e.g., eCommerce involving business-to-business transactions). Explain how the distribution system does or could operate as an integrated logistics system (i.e., use of information…
Which of the following is not a reason for a buyer to look for a new supplier rather than place additional business with an existing supplier? A. Current supplier founder is retiring B. New supplier has newer equipment C. Current supplier is farther away D. New supplier has higher throughput
Which is an arrangement that provides an opportunity to exchange goods? a. Market b. Supplier c. Seller d. Buyer
The primary component of a successful central market auction system is: A. Establishing a widely accessible market with standardized contracts B. Buyer and sellers agreeing to adjustment factors for quality C. Buyer and sellers agreeing on a third-party base price D. Both B and C
Which statement is correct? a. Dynamic discounting helps suppliers to reduce their cash conversion cycle b. Dynamic discounting helps suppliers to extend their payment terms c. Dynamic discounting helps buyers to reduce their cash conversion cycle d. Dynamic discounting helps suppliers to increase their margin
Agents and brokers: a) take the title, assume risk and generally are involved in buying and reselling products to industrial or retail customers b) take title to products and negotiate sales but do not physically handle products c) negotiate purchases and expedite sales but do not take title to products d) are part of the producer’s vertically integrated distribution channel e) are highly specialised wholesalers who act as facilitating agencies for producers
What is called the electronic technology through which the seller and the buy meet to exchange products? a. Electronic Business b. The electronic market c. E-commerce d. Digital Marketing
A company may have many Vendors depending on it size and industry in which it operates. Explain in your own words who are the company vendors and give some example of a few vendors.

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