What is the term associated with buyers and the number of choices they have regarding from whom they can buy?
A) Buyer independence
B) Buyer dependence
C) Supplier power
D) Supplier dependence

Question

Quizplus · Accepted Answer

The term associated with buyers and the number of choices they have regarding from whom they can buy is called "supplier power". This refers to the degree of control and influence that suppliers have over the prices, quality, and availability of goods and services. When buyers have limited options for suppliers, suppliers hold more power in negotiations and can charge higher prices.

What Is the Term Associated with Buyers and the Number