Whether Buyer-Seller Relationships in an Industry Represent a Strong or Weak

question 99

Multiple Choice

Whether buyer-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of

• A)the speed with which general economic conditions and interest rates are changing.
• B)the extent to which buyers can exercise enough bargaining power to influence the conditions of sale in their favor and whether strategic partnerships between certain industry members can adversely affect other industry members.
• C)how many buyers purchase all of their requirements from a single seller versus how many purchase from several sellers.
• D)the number of buyers versus the number of sellers.
• E)whether industry members are spending more or less on advertising.

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Definitions:

Feelings

Subjective experiences of emotion, often described in terms of being positive or negative.

Psychological Traits

Refer to enduring patterns of thought, feeling, and behavior that are characteristic of an individual.

Origins

The point or place where something begins, arises, or is derived.

Nature

The inherent characteristics and genetic makeup of an organism, often contrasted with nurture, which involves environmental factors.