The Bargaining Power of the Buyers and Sellers

question 72

Multiple Choice

The bargaining power of the buyers and sellers

• A)determines who will end up with the largest part of the value of the product
• B)will create intense rivalry between competitors
• C)will force prices to the breakeven point
• D)will keep competitors out of the market

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Definitions:

Assets

Resources owned by a company from which future economic benefits are expected to flow to the entity.

Business

An enterprise or corporation participating in business, industry, or professional pursuits.

Cash Balance

The amount of cash that a company or individual has available at any given time.

Advertising Expense

Advertising expense is the cost associated with promoting an organization’s products or services through various media channels.