Question $4$

$1\mathrm{.}5pts$

In the context of Porter's Five Forces Model, which is a difference between buyer power and supplier power?

Buyer power is low when customers have many options, whereas supplier power is low when customers have more choices.

Buyer power is high when customers have many choices, whereas supplier power is high when customers have fewer options.

Buyer power is high when customers have few choices, whereas supplier power is high when customers have more options.

Buyer power is low when customers have many choices, whereas supplier power is low when customers have fewer options.