Question

the bargaining power of suppliers is enhanced under which following market condition? group of answer choices low differentiation of the supplier products dominance by a few suppliers greater availability of substitute products no threat of forward integration

Answer 1

The bargaining power of the suppliers is said to be enhanced under which following market condition dominance by a few suppliers.

The bargaining power of the supplier in an industry tends to affect the competitive environment and also the profit potential of the buyers. Here, the bargaining power of the suppliers is one of the forces in the Porter’s Five Forces Industry Analysis Framework.

So, this is considered as the mirror image of the bargaining power of buyers and so it tends to refer to the pressure that suppliers can put on companies by raising their prices, and lowering their quality, or reducing the availability of their products.

Hence, the bargaining power of the suppliers is considered to be one of the forces that tend to shape the competitive landscape of an industry.

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