Asked by NM4H DA LABEL on Sep 24, 2024
Supplier power tends to be high when
A) your firm purchases critical inputs from the supplier
B) your input choices are highly differentiated
C) Both A&B
D) None of the above
Critical Inputs
Essential resources or components required for the production process.
Highly Differentiated
Products or services that are distinctly unique from competitors' offerings, often featuring unique attributes or benefits.
Supplier Power
The influence that vendors have over the market or their customers, often due to the scarcity of their product, lack of substitutes, or control of prices.
- Understand the consequences of supplier and buyer dominance on the strategic direction of a business.
Learning Objectives
- Understand the consequences of supplier and buyer dominance on the strategic direction of a business.