Question

Jipmor, an interior décor store in the city of Jeswayde, manufactures designer white oak furniture. Jipmor is highly dependent on Casode, which is the only store in Jeswayde that sells white oak wood, for the timely delivery of good-quality wood. In the context of the specific environment, which of the following concepts does this scenario best illustrate?
A) Path dependence
B) Supplier dependence
C) Buyer dependence
D) Internal dependence

Answer 1

Option B

Supplier dependence concepts this scenario best illustrates.

Explanation:

Supplier dependence is the extent to which a firm relies on that supplier because of the quality of the suppliers product to the firm and the challenge of obtaining other resources for that product. The principal findings designate that supplier dependence is a important contributor to improving supplier participation in buyer recommended training and growing supplier engagement in product development.

Also, supplier training and supplier engagement are important givers to the supplier's operational execution. A high level of supplier dependence on the client has been bestowed to improve the buyer's corresponding power in the relationship.