What Level of Bargaining Power Do Consumers Have When the Products

question 81

Multiple Choice

What level of bargaining power do consumers have when the products being purchased are standard or undifferentiated?

• A) marginal
• B) low
• C) high
• D) negative
• E) not necessary

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Definitions:

Non-Value-Added Activities

Tasks or processes that consume resources but do not add direct value or enhance the product or service from the customer's perspective.

Work in Process

Inventory that includes items currently being produced and not yet completed, representing a stage between raw materials and finished goods.

Raw Material

The basic material from which a product is made, often processed in manufacturing to create components or finished goods.

Bottlenecks

Constraints or impediments in a system that significantly slow down or halt the overall process flow.