Examlex
Evaluate.
Suppliers Concentrated
A market condition where a small number of suppliers provide a large portion of a particular product or service, which can lead to less competition and higher prices.
Switching Costs
Economic barriers that prevent or discourage consumers from changing products or service providers.
Supplier Power
Refers to the ability of providers of goods or services to influence the price and terms under which those goods or services are sold.
Critical Inputs
Essential resources or components required for a production process or operational function.
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