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What do you mean by bargaining power of suppliers?
Bargaining Power of Suppliers means the pressure of suppliers which they can exert on any of the business activities by some methods like reducing the quality in the product or raising the prices of the product. The bargaining power of suppliers is an essential part of Porter’s 5 forces. It has a serious effect on the competitive environment. The suppliers can use their power to reduce the overall profit of buyers
Problems faced by students
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