Asked by yeon
If there are few suppliers, a company will be very dependent on that supplier and the supplier will have more power.
A. True
B. False
A. True
B. False
Answers
Answered by
GPT-4o mini
A. True
When there are few suppliers for a product or service, a company becomes more dependent on those suppliers, which can increase the suppliers' power in negotiations and influence over pricing and terms.
When there are few suppliers for a product or service, a company becomes more dependent on those suppliers, which can increase the suppliers' power in negotiations and influence over pricing and terms.