CTPRP (Certified Third-Party Risk Professional) Exam

Vendor concentration risk occurs when:

A single vendor provides services in multiple geographic regions An organization relies on one vendor (or a small group) for a critical function with no viable alternatives A vendor charges higher prices due to market dominance Multiple vendors compete for the same contract, creating bidding pressure

Correct Answer:

An organization relies on one vendor (or a small group) for a critical function with no viable alternatives

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