Buyers Are More Likely to Be Powerful Relative to the Firms

question 27

Multiple Choice

Buyers are more likely to be powerful relative to the firms from which they purchase goods and services if:

• A) there are relatively few firms supplying the industry compared to the number of buyers.
• B) the good or service purchased by the buyers represents a negligible percentage of the buyer's costs.
• C) the industry's goods or services are standardized or undifferentiated.
• D) buyers face high switching costs in changing vendors.
• E) the good or service is of significant importance to the quality or price of the buyer's offerings.

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Definitions:

Text Color

Text Color refers to the visual property of text defined by its color, which can be adjusted to enhance readability or adhere to design aesthetics.

Form Design View

A mode in database applications that allows users to create, design, and modify the layout and functionality of forms used for entering, viewing, and editing data.

Detail Section

Part of a form or report in database management systems, specifically designed to display individual records or group of items.

Horizontal Ruler

A tool displayed in word processors and graphic design software to help users align text, graphics, and other elements horizontally.