What are supplier power and their potential?

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Ratnesh Mourya asked 11 months ago

what are supplier power and their potential?

1 Answers
S Sharath Kumar answered 11 months ago

supplier power refers to the pressure suppliers can exert on businesses by raising prices, lowering quality, or reducing the availability of their products. … Furthermore, a strong supplier can make an industry more competitive and decrease the profit potential for the buyer.

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