The Availability of So Many Choices to the Customers in Los

question 119

Multiple Choice

The availability of so many choices to the customers in Los Angeles and the surrounding small towns in the casino industry is an indication of the

• A) high bargaining power of suppliers.
• B) high pricing power of suppliers.
• C) high bargaining power of customers.
• D) low bargaining power of customers.
• E) low threat of new entries.

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Definitions:

Consumer Protection

Laws and regulations designed to safeguard buyers of goods and services against unfair practices.

Legislative Changes

Amendments or enactments made to current laws by a legislative body.

Negotiable Instrument

A transferable document signed by the maker or drawer, promising to pay the holder a sum of money at a future date or on demand.

Contractual Rights

These are rights specifically granted to parties within a contract, allowing them to demand the performance of certain duties by others within the agreement.