Here are a situation where the customer is important, in the "bargaining power with buyers". -They could opt for another product paying little or no switching cost. Can you explain this point to me in a simple way?

Here are a situation where the customer is important, in the "bargaining power with buyers". -They could opt for another product paying little or no switching cost. Can you explain this point to me in a simple way?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Here are a situation where the customer is important, in the "bargaining power with buyers".

-They could opt for another product paying little or no switching cost.

Can you explain this point to me in a simple way?

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