Whether Buyers' Bargaining Power Poses a Strong or Weak Source

question 32

Multiple Choice

Whether buyers' bargaining power poses a strong or weak source of competitive pressure on industry members depends in part on

• A)whether most buyers possess roughly equal or varying degrees of bargaining power.
• B)how many buyers are engaged in collaborative partnerships with sellers.
• C)whether entry barriers are high or low.
• D)whether the overall quality of the items being furnished by industry members is rising or falling.
• E)whether buyer demand is strong or declining.

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Definitions:

Unionization Rates

The proportion of employees in a specific industry or economic sector who belong to trade unions.

African Americans

A racial or ethnic group in the United States with origins in any of the black racial groups of Africa.

Transportation Workers

Individuals employed in sectors responsible for moving goods and people, including drivers, pilots, and conductors.

Unionization

The process by which workers form or join a union, an organized group that collectively bargains with employers over wages, working conditions, and other employment terms.