If a firm's product is undifferentiated,buyers will typically experience lesser bargaining power.

Name: If a firm's product is undifferentiated,buyers will typically experience lesser bargaining power.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If a firm's product is undifferentiated, buyers will have more bargaining power because they can easily switch to another supplier without any negative impact on their overall product quality. When products are highly differentiated, buyers have fewer alternatives and therefore less bargaining power.

If a Firm's Product Is Undifferentiated,buyers Will Typically Experience Lesser