A firm gains bargaining power with a supplier when the firm has many competitors.

Name: A firm gains bargaining power with a supplier when the firm has many competitors.
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Question

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A firm gains bargaining power with a supplier when it has fewer competitors because the supplier becomes more reliant on the firm for their business. When a firm has many competitors, the supplier has alternatives and may not be as willing to cater to the firm's demands.

A Firm Gains Bargaining Power with a Supplier When the Firm