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The Porters 5 forces model is used to help identify the attractiveness of an ind
The Porters 5 forces model is used to help identify the attractiveness of an industry in terms of its competitive forces, helping a company determine whether market entry is going to be appropriate or not. The 5 forces are; Competitive rivalry, buyer power, supplier power, potential of new entrants and substitutes
Suppliers are those who supply what organisations need to produce their product or service and powerful suppliers can eat into an organisation’s profits.
Considering and bargaining power of suppliers to an industry, evaluate three factors that determine whether supplier power is likely to be “high” (indicating that they can exert power over the industry sector) by use of industry examples. (For up to 7 marks for each factor discussed).Please include citation and list of reference
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