In regards to the Porters five forces model, please look at the Bargaining Power of Suppliers component, there are 8 sub-components:
Supplier concentration: Compared to buyers, when suppliers are focused, there are few suppliers and several purchasers. The bargaining power of suppliers is strong. Alternatively, if the customer changes prices, the cost of moving from the product of one supplier to the product of another supplier is substantial. Suppliers’ bargaining power is strong. If suppliers are able to quickly step forward, integrate or start manufacturing the product of the customer themselves, then supplier power is high. If the buyer is not price sensitive and uneducated with regard to the commodity, supplier power is high. If the supplier’s commodity is highly differentiated, the negotiating power of the supplier is high. If the customer doesn’t constitute a substantial portion of the supplier’s revenue, the negotiating power of suppliers is high. If replacement goods are not available on the market, then the power of the supplier is high. For all of these variables, if the opposite happens, supplier power is low. Low supplier concentration, low switching costs, no obstacle to forward integration, more exposure to buyer prices, well-educated consumers, buyers purchasing large quantities of standardized goods, and the availability of replacement products for example.
Don't use plagiarized sources. Get Your Custom Essay on
Bargaining Power of Suppliers
INSTRUCTIONS: When looking at the retail industry (Walmart for example) relate the above 8 sections of the bargaining power of suppliers to the Walmart company. Definitions for all 8 sections are provided above. Please provide examples and recommendations for Walmart. Also, include scholarly journals and article references.
Why Work with CheggAnswers
At CheggAnswers.com, we boast of our quick turnaround that is facilitated by our experienced team of writers. We can handle both short and long deadlines, as per our clients’ requests. Quality work is the cornerstone of our service.
Our writers are qualified professionals who are well-versed with more than 80 subjects. We have achieved this milestone overtime because of our rigorous hiring process that filters professionals from average writers. We believe that exposing our customers to qualified writers is the starting point of delivering quality work.
Our writers submit papers that are written from scratch to uphold the much-needed originality when submitting your papers. Our references are mainly sourced from reputable databases such as Emerald Insight, Ebsco, and ProQuest. All papers follow the conventional styles of referencing that include APA, MLA, Chicago, Harvard, and Vancouver.
24/7 Customer Support
The customer is king and as such, CheggAnswers.com has a committed support department that handles all concerns and clarifications from our clients. We encourage customers to contact us at any given time through our listed telephone, email, and text platforms.
Prompt Delivery & 100% Money Back Guarantee
Your work starts immediately after placing an order. Our writers are aware of our company policy that guarantees quality work to all our customers. For this reason, CheggAnswers strives to deliver assignments on time to avoid any delays that might compromise our relationship with clients.
Although we are confident in our writers, you are entitled to free revisions whenever need arises. However, we highly disregard customers who misuse this privilege.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
We offer a wide range of services that are aligned with the customers’ needs and expectations. We have positioned ourselves strategically to become a one-stop-shop where customers can access all academic services under one roof.
Our main service is academic paper writing, which is handled by a pool of experienced writers who uphold the expected standards of writing. Over the years, we have delivered quality work to our clients because of our commitment to promote quality over quantity.
Whether you are about to Join College or you are a continuing student, CheggAnswers is there to help. Our competent professionals will solve all your writing problems. Personalization is key to scoring highly and satisfying the admission board’s expectations. We will help you achieve your academic goals.
Editing & Proofreading
Some of our clients prefer to write their essays and have a third-party like CheggAnswers proofread their work. We have a skilled team of editors who comb through your paper and make any amends to increase its overall appeal. For all your editing and proofreading needs, CheggAnswers is there to help.
At CheggAnswers, we offer an extensive revision support that works tirelessly to ensure that customer needs and expectations are met. We work closely with writers upon a customer’s revision request to ensure that we keep our promise of delivering quality work to all our clients.