Suppliers tend to be less powerful if there are no effective substitutes for what the supplier group provides.

Name: Suppliers tend to be less powerful if there are no effective substitutes for what the supplier group provides.
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Question

Quizplus · Accepted Answer

If there are no effective substitutes for what the supplier group provides, suppliers tend to be more powerful because buyers have fewer alternatives to switch to, increasing the supplier's leverage.

Suppliers Tend to Be Less Powerful If There Are No