Supplier Power Is One of Porter's Five Forces,and It Measures

question 22

True/False

Supplier power is one of Porter's five forces,and it measures the suppliers' ability to influence the prices they charge for supplies (including materials,labour and services).

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Definitions:

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid by the borrower to the lender over a specified period.

Short-Term Funds

Investments that are made for a short duration, typically less than one year, to meet immediate financial requirements.

Trade Credit

The extension of credit by a supplier to their customer, allowing the customer to purchase goods or services and pay the supplier at a later date.

Short-Term Financing

A type of funding intended to meet immediate and temporary financial needs of a business.