Explain the relationship between the number and size of buyers for a product or service and the level of power those buyers can exert on a company

What will be an ideal response?

When more, smaller buyers are available, each buyer exerts less power over the company; when only a few, larger buyers make up the market, each buyer exerts much more power over the company.

Business

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The individuals who determine the rate to charge for insurance coverage are called "producers."

a. true b. false

Business

________ refers to ensuring that the human resources management function is delivering its services efficiently

A) Strategic planning B) Strategic human resource management C) HR department lever D) Human resource scorecard approach

Business