Product managers can seek to reduce supplier power by finding new sources of supply and substitute materials.

Name: Product managers can seek to reduce supplier power by finding new sources of supply and substitute materials.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

By finding new sources of supply and substitute materials, product managers can increase the options available to them, thereby reducing the bargaining power of any single supplier. This strategy can lead to more favorable terms and conditions for the purchasing company.

Product Managers Can Seek to Reduce Supplier Power by Finding