A buyer group is powerful if:
A) The buyers pose a credible threat to make the industry's product
B) The industry product saves the buyer money
C) It earns high profit
D) The industry has high exit barriers

Question

Quizplus · Accepted Answer

A buyer group is considered powerful if they can pose a credible threat to make the industry's product themselves. This means that the buyers have the capability, resources, and knowledge to produce the product, which can put pressure on the industry to offer better prices or quality. The other options (B, C, D) may contribute to a buyer group being powerful but are not the primary factors.

A Buyer Group Is Powerful If