The bargaining power of suppliers and customers will impact the profitability of the industry because:

Question

Quizplus · Accepted Answer

All of the options listed are potential impacts on an industry's profitability. Powerful suppliers can exert pressure to raise prices, while powerful customers can force down prices or demand higher quality. These factors can all affect the balance of supply and demand in the industry and impact the profitability of the businesses operating within it.

The Bargaining Power of Suppliers and Customers Will Impact the Profitability