One way of lessening the bargaining power of suppliers is to buy the supplier in question.

Question

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By buying the supplier, the company will have direct control over the supply chain and will not have to rely on external suppliers. This will reduce the bargaining power of the supplier as they will no longer be able to negotiate from a position of strength. However, buying suppliers may not be a feasible solution for all companies due to financial or legal constraints.

One Way of Lessening the Bargaining Power of Suppliers Is