Question

Power of input suppliers for Google Assistant: Please explain in two short paragraphs the following:

1. Is the business or industry dependent upon one supplier or many? explain

2. This pertains to labor, capital, and raw materials.

Answer 1

1) 1) yes business industry is dependent upon many supplier as business need many raw matirial for final product to be produce.
for example if one business unit produce ceramic tiles it need
ceramic clay
color
coil
etc now all matirial is not provided by one supplier so unit has to depand on many supplier
even depanding upon one supplier for one product is risky in some condition if that supplier is not able to provide on time business will face loss due to non supply of product.
2) same in came of labour , business need differanct type of labour for differant work to be performed
deapanding upon one may be risky in case of his or her unavalibily business may face lossbusiness must be capitalized from different sources as singal source of capital is not enough for safly running of business