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QUESTION:

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Which of the following are ways that powerful suppliers are a threat to firms?

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ANSWER:

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Which of the following are ways that powerful suppliers are a threat to firms?

Multiple select question.
  • Reason: 

    Powerful suppliers can raise the cost of production by demanding higher prices for their inputs.

  • Reason: 

    Powerful suppliers are a threat to firms because they reduce the industry’s profit potential by capturing part of the economic value created.

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Posted by Cleveland on October 27, 2024
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