Competitive Pressures Stemming from Buyer Bargaining Power Tend to Be

question 112

Multiple Choice

Competitive pressures stemming from buyer bargaining power tend to be weaker in which of the following circumstances?

• A) Most consumers vary the brands they choose for their cookware and kitchen gadgets.
• B) There is a global decline in the demand for CD players.
• C) The investment banking industry offers highly differentiated products.
• D) The Internet offers a huge amount of information on a variety of products.
• E) Heinz owns a metal-can manufacturing subsidiary to cut back on supplier costs.

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Definitions:

Offer Expired

A situation where a proposal for a contract or agreement has reached its time limit without acceptance, rendering it void.

Communicating Acceptance

The process by which the party to whom an offer has been made notifies the offeror that they accept the terms of the offer.

Specified Means

A clearly defined method or procedure outlined for achieving a given end or goal.

Mailbox Rule

A legal principle that considers a contract offer accepted once the acceptance letter is dispatched, not when it is received by the offeror.