The cost of switching suppliers is high if:
A)bargaining power of suppliers increases.
B)bargaining power of suppliers decreases.
C)it leads to more deregulation.
D)it leads to less deregulation.

Question

Quizplus · Accepted Answer

If the bargaining power of suppliers increases, it means they have more control over the price and quality of goods or services they provide. This makes it more difficult and expensive for a business to switch suppliers as they may have to negotiate new terms and contracts, retrain staff, and potentially face higher costs.

The Cost of Switching Suppliers Is High If