Which of the Following Is a Difference Between the Bargaining

question 47

Multiple Choice

Which of the following is a difference between the bargaining power of buyers and the bargaining power of suppliers?

• A) A powerful buyer lower costs, while suppliers raise costs to squeeze profits out of an industry.
• B) Buyers have the most bargaining power in a monopoly, while suppliers need multiple product substitutes to have bargaining power.
• C) Only suppliers have the ability to make demands based on their power relative to that of the company.
• D) Buyers bargaining power can raise costs by demanding better quality, while suppliers can raise costs by providing lower quality products.
• E) The potential of a supplier with strong bargaining power is considered a threat, while a buyer with strong bargaining power does not pose a threat to the industry.

---

Definitions:

Job Posting

The advertisement of a job opening, typically listing the role's responsibilities, qualifications, and how to apply.

Performance Appraisal

A systematic evaluation by a company of its employees' job performance and productivity, typically on an annual basis, to guide decisions on promotions, raises, and development needs.

Evaluation

A process of assessing or examining something to determine its value, significance, or condition.

Traditional Recruitment

The process of filling job vacancies through conventional methods such as advertising in newspapers, job fairs, or using employment agencies.