Tim rutherford is thinking about starting a firm in the medical equipment industry. in the industry analysis tim has been? conducting, one thing he has noticed is that the medical equipment industry is characterized by buyer group concentration. this factor concerns tim because it tells him that the profitability of the medical equipment industry is potentially suppressed by the?

The correct answer is:  bargaining power of buyers.

Explanation:

Buyer concentration is referred to several consumers that get together within the same market. This is usually carried out when the buyers massively claim a certain price for a product which leads to the bargaining power of buyers. That is the influence that consumers have in setting the price for goods or services, normally against producers' interest.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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