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:

Ethnic Identity

The part of an individual's self-conception and sense of belonging that is related to their ancestry, cultural heritage, and personal identification with a specific ethnic group.

Moratorium

A period or stage of delay; in developmental psychology, a phase where an individual delays making decisions about identity, often exploring various alternatives.

Self-Disclosure

The process of revealing personal, private information about oneself to others, which can strengthen relationships and build trust.

Status

A social or professional position, standing, or rank of an individual or group within a society.