Buyer power is high when customers have few choices and low when they have many choices.

Name: Buyer power is high when customers have few choices and low when they have many choices.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Buyer power is high when customers have many choices, giving them the ability to be selective and negotiate prices. Conversely, when customers have few choices, buyer power is low as they may be forced to accept higher prices or lower quality products/services.

Buyer Power Is High When Customers Have Few Choices and Low