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Buyers are more likely to be powerful relative to the firms from which they purchase goods and services if:
Select one:
a. THE INDUSTRY'S GOOD OR SERVICES ARE STANDARDIZED OR UNDIFFERENTIATED Correct
b. the good or service purchased by the buyers represents a negligible percentage of the buyer's costs.
c. the good or service is of significant importance to the quality or price of the buyer's offerings.
d. buyers face high switching costs in changing vendors.
e. there are relatively few firms supplying the industry compared to the number of buyers.

Respuesta :

jepessoa

Answer:

A) the industry's good or service are standardized or undifferentiated

Explanation:

If an industry's product or service is similar to its competitors', then we say that their products are substitutes. That means that any change in the price of the good or service will affect the quantity demanded of their competitors' goods or services. Markets that offer substitute products are more competitive because the consumers are indifferent upon deciding where to buy.

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