MCQOPTIONS
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| 1. |
___________ refers to the ability of buyers to bargain down prices charged by firms in the industry or driving up the costs of the firm by demanding better product quality and service$? |
| A. | Bargaining power of suppliers |
| B. | Threats of new entrants |
| C. | Bargaining power of buyers |
| D. | Threat of substitute products |
| Answer» D. Threat of substitute products | |