The Bargaining Power of a Customer Is Weak If ________

question 40

Multiple Choice

The bargaining power of a customer is weak if ________.

• A)the availability of a rival product is limited
• B)the cost of switching to a substitute is low
• C)competitors offer products with same benefits at lower prices
• D)new entrants are offering a product that uses more recent technology

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Definitions:

Expertise

Expertise is the high level of skill, knowledge, or ability in a particular field or activity, gained through experience or education.

Halo Effect

The tendency to perceive someone positively across various attributes based on one favorable trait.

Health Risks

Potential factors or behaviors that increase the likelihood of developing a disease or sustaining an injury.

Unprotected Sex

Sex without the use of contraceptives or barriers, leading to increased risks of sexually transmitted infections (STIs) and unintended pregnancies.