Question

Whether buyer bargaining power poses a strong or weak source of competitive pressure on industry members depends in part on Select one: a. how many buyers are engaged in collaborative partnerships with sellers. b. whether the overall quality of the items being furnished by industry members is rising or falling. c. whether demand-supply conditions represent a buyer's market or a seller's market. d. the degree to which buyers have any bargaining preferences and the extent to which buyers are price-sensitive. e. whether entry barriers are high or low and the size of the pool of likely entry candidates

Answer 1

Answer:

The correct option is D: the degree to which buyers have any bargaining preferences and the extent to which buyers are price-sensitive

Explanation:

Bargaining power of buyers is one factor that can pose either a strong or weak source of competitive pressure on industry members. However, being able to exert a strong competitive pressure would largely depend on the degree of the bargaining power of the buyers. If buyers have high bargaining power, then this can be a problem, as this poses a strong source of competitive pressure. Also, the extent of price-sensitivity of buyers is another factor.