from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The ability to influence the setting of prices or wages, usually arising from some sort of monopoly or monopsony position -- or a non-equilibrium situation in the market.
- n. The general concept of how much leverage or influence a bargainer has in the course of a negotiation.
Sorry, no etymologies found.
The royalty is also divided between the entities, but only a novelizer with strong bargaining power will share in this amount.
INDEMSA’s effort to penetrate Ecuador’s starch market requires dealing with the carton factories’ larger buyer bargaining power derived from the government’s import policies.