Which of the Following Represents Buyer Power in Porter's Five

question 33

Multiple Choice

Which of the following represents buyer power in Porter's Five Forces Model?

• A) Low when buyers have many choices of whom to buy from and high when their choices are few
• B) High when buyers have many choices of whom to buy from and low when their choices are few
• C) Low when buyers have many customers of whom to buy from and low when their customers are few
• D) High when buyers have many customers of whom to buy from and low when their customers are few

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Definitions:

Slope

In mathematics, a measurement of the steepness, incline, or grade of a line, typically expressed as a ratio of vertical change to horizontal change.

Value

The importance or utility that something has for an individual or the market price of a good or service.

Horizontal Axis

In graphing, this is the x-axis, which typically represents the independent variable.

Vertical Axis

In a graph or chart, the vertical line or scale along which numerical data is plotted or measured, usually representing quantities.