Whether supplier-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of:_______

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18-08-2022
Business

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Whether supplier-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of:_______

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qwseagreen qwseagreen · Answer 1 · 2022-08-25T18:21:49+02:00

Whether supplier-seller relationships in the industry represent a strong or weak source of competitive pressure is a function of whether demand for supplier products is high and they are in short supply. Supplier-vendor relationships can create competitive pressures, determined by whether the supplier's products are in high demand or not available.

Competitive pressures are the pressures that a company faces from its competitors in the market. When demand for a supplier's products is high, there is a strong source of competitive pressure. Competitive pressure is a situation in which a company faces pressure, usually due to its competitors. It can generally be seen in all types of economies except monopolistic economies. A lot depends on the demand and supply situation for a particular product or a particular industry.

Learn more about Competitive pressures:

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