The Internet can both reduce and increase the bargaining power of suppliers, depending on the specific circumstances.

Question

Quizplus · Accepted Answer

The internet can provide suppliers with increased access to markets and potential customers, which can increase their bargaining power. However, it can also increase competition and provide buyers with more information and options, which can reduce the bargaining power of suppliers. The impact of the internet on supplier bargaining power will depend on the industry, market, and specific circumstances.

The Internet Can Both Reduce and Increase the Bargaining Power