A shoe manufacturer has multiple suppliers for leather. Based on this information, which of the following statements is true?

A shoe manufacturer has multiple suppliers for leather. Based on this information, which of the following statements is true?










a. The suppliers have lesser bargaining than the buyer.
b. The barriers to market entry are high.
c. The rivalry among competitors is low.
d. The buyer has lesser bargaining power than the suppliers.












Answer: A


Marketing

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