Steve has found that there are a large number of suppliers for a particular component he needs for his production.Steve:
A)has a strong bargaining position
B)has a weak bargaining position
C)will pay a higher price for the part
D)will get low quality parts
E)will get high-cost and high quality parts

Question

Quizplus · Accepted Answer

When an organization has many suppliers for a particular input,it is in a relatively strong bargaining position with those suppliers and can demand low-cost,high-quality inputs from them.

Steve Has Found That There Are a Large Number of Suppliers