Powerful Buyers Exist When

question 172

Multiple Choice

Powerful buyers exist when

• A) there are many buyers.
• B) switching costs are low.
• C) the product represents a small share of the buyer's total costs.
• D) the product is critical to the buyer.
• E) preemptive practices exist.

---

Definitions:

Atomic Open Sentence

A type of statement in logic, which contains at least one variable, and becomes a proposition once the variables are replaced by specific values.

Compound

A substance formed from two or more elements chemically united in fixed proportions, or in logic, a sentence that combines two or more atomic sentences with logical connectives.

Atomic

Relating to atoms, the basic units of matter and the defining structure of elements.

Symbolize

To represent ideas, concepts, or objects with symbols.