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Sagot :
The product is not differentiated from those of other suppliers, the supplier's bargaining power will be reduced if it sells an undifferentiated product.
Since there is only one supplier in the market, this will increase their bargaining power.
Because the input is specialized, it will give the supplier more bargaining power because it is specialized.
Therefore, the response will be to increase or decrease because the only supplier on the market sells a product that is not differentiated and the input is specialized.
How can suppliers' bargaining power be reduced?
Integration in retrospect: This is one of the strategies generally utilized today to decrease the haggling force of providers. Backward integration is the process by which a company acquires its suppliers to establish a monopoly in its industry or reduce supply chain volatility.
To learn more about bargaining power here
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