An influence on firms to charge higher prices for materials is:

Question

Quizplus · Accepted Answer

Suppliers bargaining power refers to the ability of suppliers to increase the prices of their inputs. If suppliers have strong bargaining power, they can demand higher prices and this can lead to higher input costs for the firms. Therefore, if there is an influence for firms to charge higher prices for materials, it is likely due to suppliers having high bargaining power.

An Influence on Firms to Charge Higher Prices for Materials