Which of the Following Is NOT a Factor That Causes

question 123

Multiple Choice

Which of the following is NOT a factor that causes buyer bargaining power to be stronger?

• A) Some buyers are a threat to integrate backward into the business of sellers and become an important competitor.
• B) Buyers are small and numerous relative to sellers.
• C) Buyers have considerable discretion over whether and when they purchase the product.
• D) Buyers purchase the item frequently and are well-informed about sellers' products, prices, and costs.
• E) The costs incurred by buyers in switching to competing brands or to substitute products are relatively low.

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Definitions:

Consideration

In contract law, something of value promised to another when making an agreement, which is required for the contract to be enforceable.

Racing Bike

A type of bicycle designed for competitive road cycling, characterized by its lightweight frame and components for speed.

Adequacy of Consideration

The fairness of the value exchanged in a contract, ensuring that what is given by each party is of comparable worth.

Legal

Pertains to the system of rules that are created and enforced through social or governmental institutions to regulate behavior.