A ________ is powerful if a buyer has few other sources of supply or if the supplier has many other buyers.

Question

Quizplus · Accepted Answer

A supplier is considered powerful in a situation where a buyer has limited options to source the product or service from, making the supplier's product or service crucial. Similarly, a supplier can also be powerful if they have many buyers competing for their product or service. This power dynamic gives the supplier an advantage in negotiating prices and terms.

A ________ Is Powerful If a Buyer Has Few Other