_______ is high when buyers have few choices to buy from and low when their choices are many.
A) Buyer power
B) Supplier power
C) Threat of new entrants
D) Rivalry among existing competitors

Question

Quizplus · Accepted Answer

This statement refers to the concept of supplier power, which is high when there are few suppliers and low when there are many. When buyers have few choices, suppliers have more power to dictate prices and terms.

_______ Is High When Buyers Have Few Choices to Buy