Identify and Briefly Explain Any Three Factors That Lead to Strong

question 92

Essay

Identify and briefly explain any three factors that lead to strong bargaining power on the part of buyers.

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Definitions:

Loanable Funds

The funds available within an economy for borrowing, influencing interest rates and capital availability.

Interest Rate

Fees assessed by a lending party on a borrowing party for asset usage, expressed in terms of the principal's percentage.

Rule of 70

A rule that estimates the number of years required to double an investment or population at a fixed annual growth rate, by dividing 70 by the percentage growth rate.

Annual Interest

The amount of interest earned or paid over a one-year period on investments, loans, or savings.