What Is Buyer Power

question 179

Multiple Choice

What is buyer power?

• A) The ability of buyers to affect the price they must pay for an item.
• B) The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).
• C) High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market.
• D) High when there are many alternatives to a product or service and low when there are few alternatives from which to choose.

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Definitions:

Predisposed

Having a tendency or inclination to a specific behavior, action, or disease, often due to genetic or environmental factors.

Obesity

A medical condition characterized by excessive body fat that presents a risk to health.

Set Point

The theory proposing that individuals have a genetically determined range of weight and temperature that their body regulates and maintains.

Calorie Intake

The total amount of calories consumed through eating and drinking over a period of time.