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bargaining power of customer

VVipin9y ago
What are the different method a company can adopt to weaken the bargaining power of customer?
kengarrettkengarrettTutor9y ago#1
Find more customers to dilute any single customer's power Enter into long term contracts Build in switching costs (eg it is bothersome or risky for them to change) Give excellend service ie you sell on more than just price Take over your competitors so that your customer has fewer alternatives to turn to. Threaten them with a big gun.
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