Which of the following is NOT descriptive of a high level of bargaining powers of buyers?
A) Changing suppliers costs very little.
B) Alternative suppliers are plentiful because of standardization of the product.
C) The purchased product represents a high percentage of buyer's costs.
D) The buyer buys a large proportion of the seller's product or service.
E) A buyer earns high profits and is very insensitive to costs and service differences.

Question

Quizplus · Accepted Answer

A high level of bargaining power of buyers is characterized by low switching costs, standardization of the product, high percentage of buyer's costs, and purchasing a large proportion of the seller's product or service. A buyer earning high profits and being insensitive to costs and service differences would indicate a low bargaining power of buyers.

Which of the Following Is NOT Descriptive of a High