What can impact the competitive nature of an industry through the ability to raise prices or affect the quality of inbound goods and services?

Question

Quizplus · Accepted Answer

Suppliers have the ability to impact the competitive nature of an industry through their bargaining power. They can raise prices or affect the quality of inbound goods and services, which can in turn affect the profitability of the firms in the industry. A strong and concentrated supplier base can make it difficult for firms to negotiate favorable prices and terms, while a weaker and more dispersed supplier base may make it easier for firms to secure better deals.

What Can Impact the Competitive Nature of an Industry Through