Question

What can impact the competitive nature of an industry through the ability to raise prices or affect the quality of inbound goods and services:_______.a) suppliers,b) buyers,c) new entrants,d) substitute products,e) retailers.

Answer 1

The supplier should affect the competitive nature of the industry via the capability for increasing the prices or the quality should be impacted.

The following should not impact the nature of an industry in a competitive way:

• Buyers.
• New entrants.
• Substitute products.
• Retailers

Therefore we can conclude that the supplier should affect the competitive nature of the industry via the capability for increasing the prices or the quality should be impacted.

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