Availability of Substitutes Plays a Role in Determining the Bargaining

question 90

True/False

Availability of substitutes plays a role in determining the bargaining power of suppliers.

---

Definitions:

Replicable

Capable of being repeated or duplicated under similar conditions, often used in the context of experiments or studies to verify results.

Insignificant

Lacking in importance, magnitude, or likely impact; trivial.

Parsimonious

Referring to the principle in science and philosophy where the simplest explanation or strategy tends to be the right one.

Replicable

The ability of a study or experiment to be repeated and yield the same results.