Which of the Following Factors Is NOT a Relevant Consideration

question 140

Multiple Choice

Which of the following factors is NOT a relevant consideration in judging whether buyer bargaining power is relatively strong or relatively weak?

• A) Whether certain customers offer sellers important market exposure or prestige
• B) Whether customers are relatively well-informed about sellers' products,prices,and costs
• C) Whether buyer needs and expectations are changing rapidly or slowly
• D) Whether sellers' products are highly differentiated,making it troublesome or costly for buyers to switch to competing brands or to substitute products
• E) Whether sellers pose little threat of forward integration into the product market of their customers and whether buyers pose a major threat to integrate backward into the product market of sellers

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Definitions:

Short Run

A period in economic theory during which at least one input (like capital) is fixed, contrasting with the long run where all factors of production are variable.

Prices

The amount of money expected, required, or given in payment for something.

Unemployment

Unemployment refers to the situation when individuals who are able and willing to work cannot find employment.

Price Level

The median price level of all goods and services currently offered in the economy.