Buyer power is high when buyers have _________ choices from whom to buy and low when buyers have _________ choices.
A) few; few
B) few; many
C) many; few
D) many; many

Question

Quizplus · Accepted Answer

Buyer power is high when buyers have many choices from whom to buy, indicating a competitive market, and low when buyers have few choices, indicating a lack of alternatives and potentially a monopolistic or oligopolistic market.

Buyer Power Is High When Buyers Have _________ Choices from Whom