Assignment:
Explain Bargaining Power of Suppliers (one of Porter five forces) for frozen food industry with below questions and answer needs to be related with 4p’s.
Bargaining power of Suppliers
• Are there substitutes for your suppliers’ products?
• Do your suppliers serve multiple industries?
• Does the total industry revenue account for only a small portion of the supplier’s total revenue?
• Do you have high switching costs to use another supplier?
• Do suppliers have the capacity to enter your business?
• Is your company capable of entering the supplier’s business?
Your answer must be in 1 page, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.