If an industry has a large number of suppliers, these suppliers tend to be powerful.

Name: If an industry has a large number of suppliers, these suppliers tend to be powerful.
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If an industry has a large number of suppliers, it typically means there is more competition among them, which reduces their individual power. Industries with few suppliers tend to have more powerful suppliers because the buyers have fewer options and must rely on those suppliers for their products or services.

If an Industry Has a Large Number of Suppliers, These