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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Journal 11_165477017...
Why do we study the humanities and where does food fit? This question feels answered after understanding Alex Halberstadt’s, “Temples of the Seasons”. As an omnivore who joyfully consumes both plants...

Journal 11
Journal 11

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1.The decrease in an asset account other than cash. 2.Sale of machinery for $100,000 3.statement of cash flows4.Increases in Assets or Decreases in Liabilities or Equity5.$218,000

Quiz 3
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There can be wrong judgment made by leaders in organizations while trying to perceive others critically at the workplace. Therefore, there must be a good rapport built by the leaders with the organiza...

Week 2 - Discussion 1
Week 2 - Discussion 1

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Chapter 2 Discussion Question

Chapter 2 Discussion Question

Q Identify an industry in which the suppliers have strong bargaining power and another industry in which the buyers have most of the bargaining power. How does this affect potential profitability in the industries?

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In fast-food industries, suppliers have strong bargaining powers. They have to depend on their suppliers for food products, packaging, napkins and restroom essentials. Suppliers have many buyers in a particular area and therefore, has a leverage in the contract negotiations with a particular restaurant. Before entering this industry, individuals should think about the bargaining that the suppliers are going to put up. If the suppliers have huge influence on the market then the income projections need to be adjusted ("Fast Food Industry: The Bargaining Power of Suppliers", 2020).