Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?
A) Conglomerate diversification
B) Forward integration
C) Concentric diversification
D) Backward integration
E) Horizontal diversification

Question

Quizplus · Accepted Answer

Backward integration is effective in this scenario as it allows a company to gain control over its suppliers, reducing dependency and potentially lowering costs, which is advantageous when suppliers are few and competitors are many.

Which of These Strategies Is Effective When the Number of Suppliers