What are the human structural and recorded resources available to the organization quizlet?

One of Porter's Five Forces; the supplier's ability to influence the prices they charge for supplies (including materials, labor, and services).

Factors used to appraise ___ include number of suppliers, size of suppliers, uniqueness of services, and availability of substitute products.

If ___ is high, the supplier can influence the industry by charging higher prices, limiting quality or services, and shifting costs to industry participants.

Typically, when a supplier raises prices, a buyer passes on the increase to their customers by raising product prices.

When ___ is high, buyers lose revenue because they can't pass on raw material price increase to their customers (ex. Pharmaceutical companies)

To reduce ___, MIS can be used to find alternative products.

An international hotel chain purchasing milk

(With Porter's five forces model, these are all examples of weak forces, where it decreases competition: (1) an international hotel chain purchasing milk, (2) a company that makes airline engines, (3) cancer drugs from a pharmaceutical company, (4) a professional hockey team, and (5) Department of Motor Vehicles.)

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