Question: You want to develop an iPhone app that allows users to reserve tables at restaurants. You are currently conducting a Five Forces analysis. Your buyers

You want to develop an iPhone app that allows users to reserve tables at restaurants. You are currently conducting a Five Forces analysis. Your buyers are restaurants, which will pay you a fee every time someone makes a reservation through your app. You believe it will be easy to convince restaurants to start using your app. Also, since restaurants will be using your app to manage all of their table reservations, you believe it would be difficult for them to switch to another app in the future. You conclude that the bargaining power of buyers is __________.

Low

High

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!