Question

According to Porter's Five Forces model, suppliers are strong when which of the following statements is...

According to Porter's Five Forces model, suppliers are strong when which of the following statements is true?

A.

There are high costs to switch suppliers

B.

Customers are weak

C.

There is a standardized product

D.

Both B and C

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Answer #1

Ans A

When the switching cost to suppliers is high, the suppliers are strong as buyers are less likely to switch to alternate suppliers

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