Share this site with del.icio.us Share this site with furl Share this site with stumbleupon Share this site with google Add this site to Yahoo Bookmarks Click here to add us to your favorites Subscribe to our Feed





bargaining power of suppliers

Definition

Advantage that results when (1) suppliers are concentrated—it is, however, usually illegal for them to openly or secretly form a cartel, (2) too few goods are chased by too many buyers, (3) a supplier's goods are unique or highly differentiated with few or no substitutes, (4) suppliers are forward integrated (see forward integration), and/or (5) high costs are involved in switching from one supplier to another. Suppliers in such position can (and do) demand premium prices.


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z