According to Michael Porter, the buyers in an industry enjoy bargaining power when ________

A) they are planning to integrate horizontally
B) they purchase in large quantities from supplier firms
C) supplier products represent a small portion of the buyers' costs
D) the supplier's products are highly differentiated

B

Business

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In the context of corporate ethics programs, which of the following is a function of ethics committees?

A. They develop policies, evaluate actions, and investigate violations. B. They resort to punitive measures to deal with all ethical issues. C. They take disciplinary action against whistleblowers. D. They work to cover the unethical acts committed by the organization. E. They encourage eavesdropping as a means of gathering information about employees.

Business

It is characteristic of foreign exchange dealers to:

A) bring buyers and sellers of currencies together but never to buy and hold an inventory of currency for resale. B) act as market makers, willing to buy and sell the currencies in which they specialize. C) trade only with clients in the retail market and never operate in the wholesale market for foreign exchange. D) All of the above are characteristics of foreign exchange dealers.

Business