The bargaining power of consumers can be the most important force affecting competitive advantage. Consumers gain increasing bargaining power under the following circumstance: A. If switching to competing brands or substitutes is expensive B. If consumers are knowledgeable of firms' strategic plans C. If consumers are informed about products, prices, and costs across countries D. If consumers are particularly important to the seller E. If consumer demand is rising

C. If consumers are informed about products, prices, and costs across countries

D. If consumers are particularly important to the seller

YES. As having a complete information will allow for arbitrage between areas and if they are a big fish of the seller business the seller will be less likely to roll-over the consumer in negociation.

Explanation:

A. If switching to competing brands or substitutes is expensive

NO. If switching is expenses then, the exit-barrier is higer thus, less bargaining power as we are less likely to leave

E. If consumer demand is rising

NO. Is demand rises then the supplier will have bargain power as it has where to sale the product if we leave

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

a.