Explain the power of suppliers with an example
What will be an ideal response?
The power of suppliers is the advantage sellers have when there is a lack of competition and they can charge more for their products and services. This is one of Porter's five competitive forces. Microsoft is an example. Given the dominance of its Windows operating system, PC assemblers around the world risk losing customers if they don't install it.
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Access is a simple database management system that can be used to run databases for individuals and small firms.
Answer the following statement true (T) or false (F)
Financial planning can improve your standard of living.
Answer the following statement true (T) or false (F)
The U.S. GAAP requires firms using LIFO to disclose in notes to the financial statements
a. the amounts by which inventories based on FIFO or current cost exceed their amounts as reported on a LIFO basis. b. the amounts by which inventories based on LIFO exceed their amounts as reported on a FIFO or current cost basis. c. the amounts by which inventories based on LIFO exceed their amounts as reported on a specific identification or current cost basis. d. the amounts by which inventories based on specific identification or current cost exceed their amounts as reported on a LIFO basis. e. none of the above
Capital and operating expenditure budgets do not reflect which cost?
a. insurance b. opportunity costs c. employee fringe benefits d. mortgage interest