Which of the following statements describes a scenario in which the bargaining power of a supplier is strong?
A) Competitors' have decreased demand for raw materials.
B) The availability of raw materials is less.
C) The supplier has excess inventory.
D) There are many suppliers providing the same raw materials for comparable prices.

Question

Quizplus · Accepted Answer

When the availability of raw materials is less, it gives the supplier more bargaining power. The buyer is dependent on the supplier for the scarce resource, giving the supplier leverage to negotiate higher prices or better terms.

Which of the Following Statements Describes a Scenario in Which