Analyze the Bargaining Power of Suppliers Describe the threats of new entrants to the market in the new industry (The new industry that would be a good fit for our company is Electric Vehicle engines). Evaluate how much power the suppliers of raw materials might have to drive up prices in the new industry. Be sure to answer these questions: Which companies provide the raw materials for the product? Are there many suppliers or only a few? Does rivalry between the suppliers drive down the price of some of the raw materials? Is a virtual monopoly on some of the raw materials by a single supplier likely to drive up the price of raw materials? Overall, how will the bargaining power of suppliers affect the cost and ease of obtaining the materials necessary to enter the new industry?