Which of the following is an example of the way that information technology can reduce supplier power for an organization?
A) Switching costs
B) Reverse auction
C) Entry barrier
D) Loyalty program

Question

Quizplus · Accepted Answer

A reverse auction allows multiple suppliers to bid on a particular product or service, thus creating competition and reducing supplier power. This is an example of how information technology can reduce supplier power. Switching costs, entry barriers, and loyalty programs are not directly related to reducing supplier power through information technology.

Which of the Following Is an Example of the Way