**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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High bargaining power of the buyers tends to increase industry rivalry. True False