The Bargaining Power of Suppliers Is the Ability to Raise

question 57

True/False

The bargaining power of suppliers is the ability to raise the price of inputs or to raise the costs of the industry in other ways.

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Definitions:

External

Factors or influences that exist or happen outside of the organization and can impact its operations or performance.

Ownership

The state or fact of possessing something, such as a business or property.

Marketing

The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Word Of Mouth

The passing of information from person to person through verbal communication, often considered a powerful marketing tool.