You are a restaurant owner buying vegetables from a local farmer. You recently found out that another one of the farmer’s clients, a competing restaurant has shut down, what would that do to your bargaining power?
a. Increase your bargaining power
b. Decrease your bargaining power
c. Not affect your bargaining power
d. None of the above
"A"
As we are the only buyer left in the market for the vegetable it will increase the bargaining power. The answer is "A".
You are a restaurant owner buying vegetables from a local farmer. You recently found out that...