Suppliers have power if they can pass cost increases on to their customers.

Question

Quizplus · Accepted Answer

Suppliers have power if they are able to pass on cost increases to their customers. This is because customers may be willing to pay higher prices for a product if it is deemed necessary or if there are no viable alternatives available from other suppliers. In such cases, the supplier has the ability to leverage its position to negotiate better terms or higher prices from the customer.

Suppliers Have Power If They Can Pass Cost Increases on to Their