Author Question: If the buyers are concentrated and they buy from a large number of suppliers, then the bargaining ... (Read 74 times)

folubunmi · **on:** Jul 6, 2018

If the buyers are concentrated and they buy from a large number of suppliers, then the bargaining power of buyers is increased.

Indicate whether the statement is true or false

Question 2

The Partnering for Success feature in Chapter 3 focuses on the task of finding the right business partner. According to the feature, which of the following is an incorrect rule-of-thumb in finding a business partner?

A) Know the skills and experiences you need in a partner.
B) Make sure you and your partner's work habits are compatible.
C) Make sure you and your partner have common goals and aspirations.
D) Pick a partner that is similar rather than different from you in terms of skills, abilities, and functional background.
E) Hire a lawyer to negotiate the partnership agreement.