Switching costs, number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the bargaining power of buyers.
Switching costs are the costs which are paid by a consumer as a result of switching brands, suppliers, or products. Some companies may employ high switching costs in order to prevent customers from moving to another brand.
Suppose if the customer purchases large volumes of standardized products from the seller, then the buyer's bargaining power is quite high. Also, when substitute of a product is available in the market, the buyer power increases.
Hence, most prevailing switching costs are monetary in nature.
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Answer:
the answer is B
Explanation:
why ? most of the company's care about the customer , but it depends how big is their market and also what they are offering , so the small restaurants or even dry cleaners , their business are not without huge demand , the customer and the restaurant have a low contact, or the usually use a complaints and claims box where the customer can express your opinion of the restaurant service.
Answer:
Single Equivalent Discount % on final price = 41.58%
Explanation:
- The grill was initially priced at $769.99 and was discounted to $550.54 which is 28.5% ((550.54/769.99)-1)*100
- and then further discounted by 18.3% ((449.79/550.54)-1)*100 to $449.79.
but if we want to get the single discount rate for $449.79 (final price), we have to compare it with very first original price of $769.99 so the formula will be:
- ((449.79/769.99)-1)*100 = 41.58% which shows the actual discount % versus the original price of the grill.
Answer:
Appellate court
Explanation:
Appellate courts hear and re-examine appeals from legal cases already heard and determined in a trial-level or other lower court. They are popularly referred to as appeals court, the court of appeals, or second instance court.
Appellate courts are present at both the federal and state levels. The primary purpose of the appellate court's is to ascertain whether or not the law was applied rightly in the lower court.
