Using Porter's Competitive Forces Model, Contrast the Bargaining Power of Suppliers

question 1

Short Answer

Using Porter's competitive forces model, contrast the bargaining power of suppliers and the bargaining power of customers (buyers).

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Definitions:

Policy Preferences

Policy preferences are the specific inclinations or desires regarding governmental actions or strategies, reflecting an individual's or group's values, beliefs, or interests.

Process Power

The influence that individuals or groups can exert through their understanding and manipulation of procedural aspects within a system.

Tenor

In literature, the underlying theme or main idea of a work; in music, the high male voice, or part traditionally sung by a tenor.

Tempo

The speed or pace at which something occurs, often used in reference to music or activities.