Which of the Following Factors Is NOT a Relevant Consideration

question 35

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 buyers pose a major threat to integrate backward into the product market of sellers

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Definitions:

Price Fixing

A conspiracy among firms to set prices for a product.

Ethical

Pertains to the principles of right and wrong that guide an individual in making decisions that affect others. In business, it often refers to practices that are morally right, fair, and honest.

Time Share

A property ownership model where multiple individuals have rights to use the property, each at different times of the year.

Caveat Emptor

A principle in commerce that places the onus on buyers to perform due diligence before making a purchase.