The practice of becoming the largest purchaser of products from a given supplier is an example of:
A) Cost leadership
B) Growth strategies
C) Differentiation
D) Locking in the supplier

Question

Quizplus · Accepted Answer

The practice of becoming the largest purchaser of products from a given supplier is referred to as locking in the supplier. This strategy is used to ensure a stable supply of goods and services from a supplier, while also potentially gaining leverage in negotiations and pricing.

The Practice of Becoming the Largest Purchaser of Products from a Given