For a firm,reduced prices,need for increased quality,and demand for more services would result due to ________.
A) threat of substitute products from other industries
B) customers' bargaining power
C) high threat of new entrants into the market
D) traditional rivals within the industry
E) increase in suppliers' bargaining power

Question

Quizplus · Accepted Answer

Customers' bargaining power can result in reduced prices as customers have the power to negotiate and demand lower prices. The need for increased quality and more services may also result from customers' expectations and demands. Threat of substitute products, high threat of new entrants, traditional rivals, and increase in suppliers' bargaining power may also impact the firm but are not necessarily directly related to reduced prices, need for increased quality, and demand for more services.

For a Firm,reduced Prices,need for Increased Quality,and Demand for More