The power of suppliers is one of the competitive forces that affect an organization's ability to compete.

Question

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The power of suppliers is one of the five competitive forces identified in Porter's Five Forces framework that can affect an organization's ability to compete. This force refers to the bargaining power that suppliers have on an organization in terms of price, quality, and availability of goods or services. The higher the supplier power, the less control an organization has over its supply chain and the more difficult it is to remain competitive.

The Power of Suppliers Is One of the Competitive Forces