Question

Buyers may have more bargaining power when___

a. there are few sellers
b. there are high switching costs
c. there is a threat of forward integration
d. products are standardized

Answer 1

Buyers may have more bargaining power when there are few sellers, high switching costs, a threat of forward integration, or when products are standardized.

Step-by-step explanation:

Buyers may have more bargaining power when there are few sellers, high switching costs, a threat of forward integration, or when products are standardized.

In a market with few sellers, buyers have fewer options and can negotiate better terms. High switching costs make it more difficult for buyers to switch to alternative suppliers, giving them less leverage. A threat of forward integration means that buyers can potentially produce the product themselves, increasing their bargaining power. Lastly, standardized products make it easier for buyers to compare prices and negotiate better deals.