The bargaining power of suppliers is the ability to raise the price of inputs or to raise the costs of the industry in other ways.

Question

Quizplus · Accepted Answer

The bargaining power of suppliers refers to their ability to exert pressure on an industry by raising input prices or making it more difficult to obtain key inputs. This can result in increased costs and reduced profitability for the industry. Therefore, the statement is true.

The Bargaining Power of Suppliers Is the Ability to Raise