Answer:
The answer is: Bargaining power of suppliers
Explanation:
Michael Porter developed his Five Forces Framework as a management tool for analyzing competition. It is divided into:
- Threat of new entrants
- Threat of substitutes
- Bargaining power of customers
- Bargaining power of suppliers
- Competitive rivalry
Bargaining power of suppliers: Pressure suppliers can exert on its costumers (individuals or organizations) by raising prices, lowering quality, or reducing availability of their products. When suppliers are strong enough to pressure their customers, usually the buyers will end up paying higher costs due to; higher prices, lower quality or reduced availability of the product.
In this case, since ABC Pharmaceutical is the leader in cancer fighting drugs, they will use their dominant supplier position to raise the price of their product affecting their customers (patients, insurance companies, other health care organizations).
Answer:
the minimum acceptable price is $4
Explanation:
The computation of the minimum acceptable price is shown below:
Here the minimum acceptable price would be considered as a variable selling cost i.e. calculated below:
= Selling cost × variable percentage
= $10 × 40%
= $4
hence, the minimum acceptable price is $4
The same would be considered and relevant too
The statement that is false is When the marginal product of labor is upward-sloping, the marginal cost curve (MC) is upward-sloping.
<h3>What is the relationship between marginal product and cost?</h3>
The two measures have an inverse relationship. This means that when one is increasing, the other is increasing.
When marginal product of labor is increasing, the marginal cost curve decreases so this statement is false.
Find out more on marginal product of labor at brainly.com/question/13380400
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<span>The two major factors are the supply of the product and the demand for it. These work together to set an equilibrium price that would be considered the market rate for the item under consideration. Changes and shifts in either of the two factors will cause the market price to change accordingly.</span>
Sorry don't now. Sooo sory