The Bargaining Power of Buyers of Inputs Increases If

question 56

Multiple Choice

The bargaining power of buyers of inputs increases if

• A)there are many large buyers.
• B)the input in question has few substitutes.
• C)the input in question is not a critical component of production.
• D)there are wide variations in the quality of inputs from supplier to supplier.

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Definitions:

Manual Work

Labor performed by human workers using physical efforts, as opposed to tasks performed by machines or automation.

Tasks

Distinct activities or actions that are undertaken to achieve a particular goal, often constituting parts of larger projects or processes.

Psychological Requirements

Emotional or mental needs that must be satisfied for individuals to perform efficiently and effectively in their environment.

Physical Requirements

These are the necessary physical conditions and efforts needed to perform a job or task, which can include strength, dexterity, or stamina.