CIPS Level 4 Diploma in Procurement and Supply L4M2 Question # 64 Topic 7 Discussion

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