Question

The threats these forces pose are as follows: 4. Threat of buyers' growing bargaining power

Answer 1

In the business context, the threat of buyers' growing bargaining power refers to the increasing ability of buyers to negotiate better terms and prices from sellers. This can impact a business's profitability and potentially lead to its closure.

Step-by-step explanation:

In the context of business, the threat of buyers' growing bargaining power refers to the increasing ability of buyers to negotiate better terms and prices from sellers. This is typically influenced by factors such as the number of buyers, availability of alternatives, and the level of information buyers have about the market. When buyers have more power, they can demand lower prices or better products, which can affect a business's profitability and even drive it out of business.