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The ability of customers to influence pricing, demand better quality, or seek alternatives, often driven by the number of options available and product importance.
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The buyer's power is determined by the products' availability, quality, and purchasing power. If a buyer has a lot of options and acts as a group, he or she has a lot of buying power. If they operate independently, their purchasing power is limited. they don't have anything to bargain for, the purchasers have no power. They have to rely on their goods. There aren't any other alternatives. Buyers have no or limited bargaining power in light of known facts.