Switching Costs, the Number of Buyers, and If the Items

question 88

Multiple Choice

Switching costs, the number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the ________.

• A)threat of new entrants to the industry
• B)rivalry among companies competing in the industry
• C)bargaining power of suppliers
• D)bargaining power of buyers

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Definitions:

Expiration Date

The date after which a product, such as food or medicine, is not recommended to be used because it may not be safe or effective.

Alphabetically

Organizing words or items according to the standard order of the letters in the alphabet.

Antagonist

A drug that blocks the actions of a receptor or its intended ligand.

Receptor Site

Specific regions on a cell surface or within a cell where chemicals, such as hormones or neurotransmitters, can bind to elicit a physiological response.