In the exploit position matrix, what do suppliers seek to achieve?

Prepare for the CIPS Defining Business Need (L4M2) Test with multiple choice questions and insightful explanations. Enhance your understanding and ensure success!

In the exploit position matrix, suppliers are primarily focused on achieving a premium price for their products. This is because suppliers in a strong exploit position generally have a favorable market scenario where they can leverage their competitive advantages, unique value propositions, or limited supply to command higher prices. Essentially, the conditions allow them to capitalize on their strengths, making it possible to set prices that reflect the perceived value of their offerings, rather than engaging in aggressive pricing strategies.

In contrast, while market share expansion, long-term partnerships, and pricing discounts may be relevant objectives for suppliers in different contexts, they do not directly align with the exploit position which emphasizes maximizing price returns based on existing market power. Suppliers in this position are less likely to prioritize competitive pricing aimed at attracting new customers because they already have the clout to maintain premium pricing without necessarily relying on discounts or partnerships to drive sales.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy