How many potential suppliers do you have

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Reference no: EM132312740

Question: Using the case that is linked their is a competitors part and a manufacturer part

Industry Analysis- Competitors- write a detailed description of the competitors 3 paragraphs

Five Factors (porters five force) Power of Supplier- 3 paragraphs

This is determined by how easy it is for your suppliers to increase their prices. How many potential suppliers do you have? How unique is the product or service that they provide, and how expensive would it be to switch from one supplier to another?

The more you have to choose from, the easier it will be to switch to a cheaper alternative. But the fewer suppliers there are, and the more you need their help, the stronger their position and their ability to charge you more. That can impact your profit.

Reference no: EM132312740

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