You are a restaurant owner buying vegetables from a local farmer.You recently found out that another one of the farmer's clients,a competing restaurant has shut down,what would that do to your bargaining power?
A)Increase your bargaining power
B)Decrease your bargaining power
C)Not affect your bargaining power
D)None of the above

Question

​You are a restaurant owner buying vegetables from a local farmer.You recently found out that another one of the farmer's clients,a competing restaurant has shut down,what would that do to your bargaining power?
A)​Increase your bargaining power
B)Decrease your bargaining power
C)Not affect your bargaining power
D)​None of the above

Quizplus · Accepted Answer

With the competitor restaurant shutting down, the local farmer may be left with excess produce that they need to sell quickly. This puts the restaurant owner in a position to negotiate a better price or receive better quality produce from the farmer. The farmer may also be more willing to work with the remaining restaurant as they are a reliable source of income. Therefore, the restaurant owner's bargaining power is likely to increase.

​You Are a Restaurant Owner Buying Vegetables from a Local

You Are a Restaurant Owner Buying Vegetables from a Local