In the context of porter's five forces model, which is a difference between buyer power and supplier power?

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23-08-2022
Social Studies

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In the context of porter's five forces model, which is a difference between buyer power and supplier power?

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rafikiedu03 rafikiedu03 · Answer 1 · 2022-08-25T18:21:10+02:00

Buyer power is high when customers have many choices, whereas supplier power is higher when customers have fewer options.

Porter's five Forces is a model that identifies and analyzes five aggressive forces that shape every industry and facilitates determining an enterprise's weaknesses

Buyers have the power to persuade fees and the number of products sold. Effective customers can good deal on quantity or switching expenses or they can locate alternative products. Rate sensitivity additionally impacts the consumer/supplier courting.

Supplier power is the diploma of manipulation a provider of goods or offerings can exert on its customers. provider energy is connected to the potential of suppliers to boom prices, decrease first-class, or restrict the variety of products they may sell.

Learn more about Supplier power here: https://brainly.com/question/26500183

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