Question
One of Porter's 5 Forces is the bargaining power of buyers. Which answer choice regarding bargaining power of buyers is false? A) If a buyer
One of Porter's 5 Forces is the bargaining power of buyers. Which answer choice regarding bargaining power of buyers is false?
A) If a buyer can make the product that is currently purchased from a vendor, the vendor is less likely to negotiate a lower price for the product
B) If a company buys a large amount of product from a vendor, the company may be able to negotiate lower vendor prices
C)When a company demands higher product quality from a vendor, the dollar amount of product returns to the vendor may decrease
D) If the cost to change from one vendor to another is low, a buyer may be more likely to switch to another vendor
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