Business Studies · Porter's Five Forces
A firm's workforce is heavily unionised, making it difficult for management to negotiate changes to terms and employment conditions. Under Porter's Five Forces framework, which competitive force does this issue represent?
- 1Bargaining power of buyers
- 2Bargaining power of suppliers✓
- 3Threat of new entrants
- 4Rivalry among existing competitors
Correct answer
Bargaining power of suppliers
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