Which of the Following Statements Is True of Buyer Power

question 41

Multiple Choice

Which of the following statements is true of buyer power?

• A)If firms offer differentiated products, then buyers have increased power.
• B)If firms cannot switch suppliers easily, then buyers have decreased power.
• C)If buyers can easily switch firms, then buyers have increased power.
• D)If buyers can switch to substitute products easily, then buyers have decreased power.

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Definitions:

Disposable Items

Products designed for a single use or a limited number of uses before being discarded.

Universal Precautions

Infection control guidelines recommending that blood and certain body fluids from all patients should be treated as potentially infectious for HIV, hepatitis, and other pathogens.

Susceptible Host

An individual or organism that lacks the ability to resist infection by a particular pathogen, making them more likely to become affected by diseases.

Pathogens

Microorganisms such as bacteria, viruses, fungi, or parasites that can cause disease in humans or animals.