How did online markets affect the balance of power between buyers and suppliers?
A) The power imbalance between the buyers and the suppliers decreased.
B) Buyers' focus shifted from being powerful to being cooperative.
C) Sellers became more powerful than the buyers.
D) Buyers became more powerful than the sellers.

Question

Quizplus · Accepted Answer

Online markets have increased transparency, competition, and accessibility, giving buyers more options and information to make informed purchasing decisions. This shift in power has made suppliers more competitive, leading to lower prices and increased buyer power. Additionally, online reviews and ratings allow buyers to hold suppliers accountable, further increasing buyer power. Therefore, buyers have become more powerful than the sellers.

How Did Online Markets Affect the Balance of Power Between