The power that the dependent party has over the dominant party in order to maintain the exchange relationship is known as:
A)countervailing power.
B)substitutability.
C)reverse dependence.
D)visibility.
E)legitimate power.

Question

Quizplus · Accepted Answer

Countervailing power refers to the power held by a dependent party in a relationship to influence the behavior of the dominant party. This can be achieved through various means such as the ability to find alternative suppliers or buyers, the threat of legal action, or the ability to form alliances with other parties. It helps the dependent party to maintain balance and fairness in the relationship.

The Power That the Dependent Party Has Over the Dominant