The bargaining power of suppliers is _______ when buyers have few choices and _________ when buyers have many choices.
A)High, high
B)High, low
C)Low, low
D)Low, high

Question

Quizplus · Accepted Answer

The bargaining power of suppliers is high when buyers have few choices because suppliers can charge higher prices due to lack of competition. Conversely, when buyers have many choices, the bargaining power of suppliers is low because they are forced to offer competitive prices and better quality products in order to stay competitive.

The Bargaining Power of Suppliers Is _______ When Buyers Have