Pearson L4M2 New Attempt

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Question 44

Buyers are more powerful than the supplier when they are purchasing from monopoly market. Is this statement true?

Options:

False, the buyer will be unable to track and manage supplier's performance

False, buyer will lack negotiating power on cost if the supplier has a monopoly in the market

True, suppliers in monopoly market produce homogenous products

True, in monopoly market, buyer's switching costs from the incumbent supplier to an-other are relatively low

Question 45

A market has a considerable number of buyers and suppliers. Analysis of the market reveals that loyalty from buyers is relatively low and switching to alternative providers is commonplace. Which of the following market characteristics is supporting this type of buyer behaviour?

Options:

Supplier bargaining strength

Barriers to market entry

Increasing use of technology

The availability of substitute products

Question 46

Apple’s CPO is planning a budget for purchasing carbon-free aluminium next year. There are 27.4 tonnes of aluminum in stock, while Apple will need 200 tonnes for production next year and double inventory for production in the following year. How much aluminum will Apple need to purchase in next year?

Options:

172.6 tonnes

117.8 tonnes

282.2 tonnes

227.4 tonnes

Question 47

Which of the following market sectors is largely commodity-dependent, impacted by food standards and public health, impacted by climate change and population change, and driven by technology to improve production yield?