wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Buyers cannot exercise high bargaining power over their suppliers if ___________.

A
the volume they buy accounts for a large percentage of their suppliers sales
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
there are few buyers in the market
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
they have many suppliers to choose from
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
there is a high concentration of suppliers
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D there is a high concentration of suppliers
Buyers cannot exercise high bargaining power over their suppliers if there is a high concentration of suppliers. Bargaining power of the buyer refers to the relative power of the buyer which he uses to influence sellers. In this situation, buyer have very less relative power to exercise on sellers.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Profit Division
CIVICS
Watch in App
Join BYJU'S Learning Program
CrossIcon