Question

The higher the switching costs for industry members, the more it can limit the supply of products and/or services. enhance supplier bargaining power. limit supplier bargaining power. enhance the quality of parts and components being supplied, and in effect reduce defect rates. provide important cost savings for the collaborative supplier-seller relationship.

Answer 1

limit supplier bargaining power.

Step-by-step explanation:

Switching costs from industry refers to cost of moving from that industry to another industry.

If these costs are high, industry members would feel pressure to stay in the industry to avoid the high switching costs. So, they would tend to stick to industry. Members' this tendency to stay in industry irrespective of issues, is likely to reduce their bargaining power in the market.