Question: Whether supplier bargaining power represents a strong or weak source of competitive pressure is affected by the extent to which industry members have strongly or
Whether supplier bargaining power represents a strong or weak source of competitive pressure is affected by
the extent to which industry members have strongly or weakly differentiated products.
how long industry members have been closely collaborating with their key supplierslongterm close collaboration greatly strengthens supplier bargaining power.
whether the item being supplied is a standard item or commodity or instead, whether certain suppliers provide a differentiated input that enhances the performance or quality of the industry's product.
the number of suppliers of a particular itemgreater than ten suppliers translates into weak supplier power, while fewer than ten suppliers translates into strong supplier power.
how fast the prices of the items being furnished by suppliers are rising or falling
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
