What Term Refers to the Ability of Individual Customers to Negotiate

question 19

Multiple Choice

What term refers to the ability of individual customers to negotiate purchase prices that extract profits from sellers?

• A)Substitutes and Complements
• B)Competition
• C)Customer power
• D)Seller power
• E)Buyer power

---

Definitions:

Jobs

Positions of employment where individuals perform specific tasks in exchange for monetary compensation, benefits, or both.

Employment Relations

The study and practice concerning the management and regulation of work relationships, including aspects of bargaining, rights, and obligations of employers and employees.

Self-Employed People

Individuals who work for themselves rather than being employed by an organization, often running their own businesses or freelancing.