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Buyers of products/services want the prices to be as low as possible. |
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In general, if a company is the only provider of product/service the price is higher. |
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If there are many companies providing the same product/service the price will be lower. |
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The use of IS may result in a stronger bargaining power for customers as purchasing mediums are going global. |
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This means that more products and services are accessible to the customer at cheaper prices. |
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The power of customers lies in their ability to switch easily to a competitor’s products and services. |
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The other power of customers may lie in their ability to drive businesses and their competitors to compete on price alone. |