The Bargaining Power of Suppliers Is Enhanced Under Which Following

question 12

Multiple Choice

The bargaining power of suppliers is enhanced under which following market condition?

• A) no threat of forward integration
• B) low differentiation of the supplier products
• C) greater availability of substitute products
• D) dominance by a few suppliers

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Definitions:

Positive Economics

A branch of economics that seeks to describe and explain the behavior of the economy or economic phenomena without making judgments on whether the outcomes are good or bad.

Income Distribution

The way in which total income is shared among the population or different groups within the society.

In-kind Benefits

Non-cash assistance provided by governments or organizations, such as food, housing, or medical services, aimed at improving welfare.

Normative Concept

An idea or standard that prescribes how things should be or what people ought to do, often based on values or ethical considerations.