3 Questions
Suppliers have the ability to influence an industry in several instances such as increasing the prices of the goods and services or lowering their ______.
quality
A company that has the able integrate forward poses a threat to other companies competing in an ______.
industry
______ refers to the ability of a company to assume the function of a distributor.
Forward integration
Test your knowledge on the influence of suppliers in industries and the concept of forward integration. Learn how suppliers can impact prices and quality, and understand how their bargaining power can change based on their ability to integrate forward.
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