Question

Apple s dominance of smartphone and tablet markets has allowed the firm to lock up 60 percent of the world s supply of advanced touch-screen displays, and to do so with better pricing than would be available to smaller rivals. This is an example of _____________,

Answer 1

This is an example of a growing firm gaining bargaining power with its suppliers or buyers.

Explanation:

Bargaining power is the general intensity of gatherings in a circumstance to apply impact over one another. On the off chance that the two gatherings are on an equivalent balance in a discussion, at that point they will have equivalent haggling power, for example, in a splendidly serious market, or between an equally monopoly and monopsony.

The Bargaining Power of Suppliers, one of the powers in Porter's Five Forces Industry Analysis Framework, is the perfect representation of the bartering intensity of purchasers and alludes to the weight that providers can put on organizations by raising their costs, bringing down their quality, or diminishing the accessibility of their items.