**Question:**High bargaining power of the buyers tends to increase industry rivalry.- [ ] True- [ ] False**Explanation:**This statement presents a point about market dynamics. The bargaining power of buyers is a key factor in determining the competitive environment within an industry. When buyers have high bargaining power, they can demand lower prices and higher quality products or services. This can lead to increased competition among sellers as they strive to meet buyers' demands, potentially leading to greater industry rivalry.

The organization's primary objective will be to have a proper flow of business process, and to…

Answered: High bargaining power of the buyers…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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snip
SLO 9.2. Expediting: May be caused by the buyer or the supplierIs caused by buyer behavior onlyIs caused by supplier behavior onlyMay be the result of legal noncomplianceIs a routine order tracking process SLO 10.1. Radio frequency identification (RFID) will: Eliminate bar coding and manual countingEliminate further investment in information technologySupplement bar coding to reduce theftBe more cost effective to implement than bar codingImprove data capture but slow down inventory picking
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The bargaining zone, or zone of possible agreements (ZOPA), is the range _____. Group of answer choices of overlap between negotiators' reservation points below the seller's reservation point and above the buyer's target point between negotiators' target points above the seller's reservation point and above the buyer's target point
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High bargaining power of the buyers tends to increase industry rivalry. True False