Dealing with Supplier's Bargaining Power
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Questions and Answers

What is the recommended approach towards the supplier's bargaining power?

  • Give in to the supplier's demands
  • Explore alternative suppliers
  • Threaten to cut ties with the supplier
  • Resist and negotiate for better terms (correct)

    • How should one respond to the supplier's bargaining power?

  • Accept all demands unquestioningly
  • Seek mutually beneficial agreements (correct)
  • Ignore the supplier's concerns
  • Engage in aggressive price wars

    • What is a strategic approach when dealing with the supplier's bargaining power?

  • Immediately concede to all demands
  • Strengthen negotiation tactics and leverage (correct)
  • Agree to long-term unfavorable contracts
  • Limit communication with the supplier

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