Businesses must consider the relative power of both their suppliers and their customers.

Name: Businesses must consider the relative power of both their suppliers and their customers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Businesses must consider the relative power of both their suppliers and customers in order to effectively manage their supply chain and pricing strategies. Understanding the bargaining power of both parties can help businesses negotiate better terms and maintain profitability.

Businesses Must Consider the Relative Power of Both Their Suppliers