The Bargaining Power of a Customer Is Weak If ________

question 106

Multiple Choice

The bargaining power of a customer is weak if ________.

• A) the availability of a substitute is limited
• B) the cost of switching to a substitute is low
• C) competitors offer products with same benefits at lower prices
• D) new entrants are offering a product that uses more recent technology

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Definitions:

Territorial Claims

Declarations by a country asserting sovereignty over an area, often based on historical or legal grounds.

Executive Agreements

Agreements between the head of government of one state and the government of another that are less formal than treaties and do not require legislative approval.

Senate Approval

A requirement for certain proceedings and decisions, including the ratification of treaties and the confirmation of Cabinet members and other federal officials, needing a majority vote in the Senate.

Foreign Affairs

Activities, policies, and relations between governments or institutions of different countries, including diplomacy, trade agreements, and international partnerships.