Blood banks are highly dependent on donors. In the terminology of industry analysis, which statement of donors is accurate?
a. Blood donors are suppliers and are powerful because of the critical nature of what they provide to the blood bank.
b. Blood donors are suppliers and are powerful because of their concentration relative to the blood bank.
c. Blood donors are buyers and are not powerful because switching costs to change to alternative inputs are low.
d. Blood donors are buyers and are powerful because of the volume of blood needed.
Answer: Blood donors are suppliers and are powerful because of the critical nature of what they provide to the blood bank.