Analyze the Bargaining Power of Suppliers

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? This is for the Tractors & Agricultural Machinery Manufacturing industry