The Bargaining Power of Suppliers Is Enhanced Under Which Following

question 12

Multiple Choice

The bargaining power of suppliers is enhanced under which following market condition?

• A) no threat of forward integration
• B) low differentiation of the supplier products
• C) greater availability of substitute products
• D) dominance by a few suppliers

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Definitions:

Utility

In economics, the satisfaction or benefit derived by consuming a product or service.

Pumpkin Pie

A traditional American dessert made from a spiced pumpkin-based custard filling in a pie crust, often served during fall and Thanksgiving.

Want

A desire for goods or services that are not necessary for basic survival but are perceived as desirable.

Utility

In economics, refers to the total satisfaction received from consuming a good or service.