Buyer Power Is Included as One of Porter's Three Generic

question 205

True/False

Buyer power is included as one of Porter's three generic strategies.

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Definitions:

Intermediation Revenue Model

A business model that generates income by serving as an intermediary in transactions between two or more parties.

Brokers

The people who organize transactions between buyers and sellers.

Money

A medium of exchange in the form of coins and banknotes; used to purchase goods and services or measure value and wealth.

Revenue

The income that a business earns from its normal business activities, usually from the sale of goods and services to customers.