Answer-The power of buyers will increase when:

Buyers are particularly powerful when they are few in number, there are low switching costs, or the product represents significant share of the buyers total costs.

Question

The power of buyers will increase

when:

A the number of buyers is high.

B the number of buyers is low.

C there are high switching costs.

D the product represents a small share of the buyer's total cost.

E None of these

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The power of buyers will increase

Solution