If a Supplier Has a Limited Number of Buyers, Then

question 83

Multiple Choice

If a supplier has a limited number of buyers, then the ________.

• A)threat of substitutes is low
• B)network effects are greater
• C)buyers have to deal with greater switching costs
• D)buyers will have more power

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Definitions:

Myelination

The process of forming a myelin sheath around a nerve fiber, enhancing the speed and efficiency of signal transmission.

Neurons

One of two types of cells in the nervous system; neurons are the nerve cells that handle the information-processing function.

Accommodation

An individual’s adjustment of their schemas to new information.

Schemas

Cognitive frameworks or concepts that help individuals organize and interpret information from their experiences.