A supplier is powerful if the buyer has few other sources of supply or if the supplier has many other buyers.

Question

Quizplus · Accepted Answer

A supplier's power is determined by the availability of alternative sources of supply for the buyer. If there are few alternative sources available, the supplier has more power. On the other hand, if the supplier has many other buyers, the buyer may have less power to negotiate favorable terms.

A Supplier Is Powerful If the Buyer Has Few Other