Suppliers in an industry are most powerful when: a. there are few substitutes for the products that they sell. b. switching costs are low. C. their profitability is significantly affected by the purchases of companies in a particu industry. d. they refrain from entering their customers' industry because of lack of resources.
Suppliers in an industry are most powerful when: a. there are few substitutes for the products that they sell. b. switching costs are low. C. their profitability is significantly affected by the purchases of companies in a particu industry. d. they refrain from entering their customers' industry because of lack of resources.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
![Suppliers in an industry are most powerful when:
a.
there are few substitutes for the products that they sell.
b. switching costs are low.
C.
their profitability is significantly affected by the purchases of companies in a particular
industry.
d. they refrain from entering their customers' industry because of lack of resources.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbc61a5d7-7e46-42e0-9d49-1ea61d0fa8b1%2Fcfe808de-99d2-413d-be94-8e22bf077a9c%2F8t1ciqs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppliers in an industry are most powerful when:
a.
there are few substitutes for the products that they sell.
b. switching costs are low.
C.
their profitability is significantly affected by the purchases of companies in a particular
industry.
d. they refrain from entering their customers' industry because of lack of resources.
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