Assignment task: Choose the best answer.
Michael Porter proposes a framework for understanding an industry. In this framework, there are five forces that affect industry profitability, including The Power of Suppliers:
When there are many suppliers of industrial inputs
A) competition among suppliers is increasing and the profitability of the industry is being hurt.
B) competition between suppliers decreases and the profitability of the industry improves.
C) competition between suppliers increases and the profitability of the industry improves.