객관식
Which of the following statements best reflects the basic principles of economics?
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0. Basic Principles of Economics
Introduction to Economics
객관식
The bargaining power of suppliers increases as:
A
the number of suppliers decreases
B
buyers have more information about the market
C
the availability of substitute inputs increases
D
suppliers face high switching costs
검증된 단계별 안내1
Understand the concept of bargaining power of suppliers: It refers to the ability of suppliers to influence the terms and conditions of supply, including price, quality, and delivery.
Analyze how the number of suppliers affects bargaining power: When the number of suppliers decreases, each supplier becomes more important to buyers, increasing their bargaining power.
Consider the effect of buyers having more information: More informed buyers can negotiate better deals, which typically reduces suppliers' bargaining power.
Evaluate the impact of substitute inputs: If there are many substitute inputs available, buyers can switch easily, reducing suppliers' bargaining power.
Assess the role of switching costs for suppliers: High switching costs for suppliers make it harder for them to change buyers, which generally decreases their bargaining power.
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