Assertion (A): Buyers, for several industries, are potential competitors; they may integrate backwards.
Reason (R): They have different degrees of bargaining power.

A) (A) and (R) are correct, and (R) is the correct reasoning of (A) B) (A) and (R) are correct, but (R) is not the correct reasoning of (A) C) (A) is incorrect, but (R) is correct D) Both (A) and (R) are incorrect

Answer & Solution

Correct Answer: Option A

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Assertion (A) Buyers for several industries are potential competitors they may...

Assertion (A): Buyers, for several industries, are potential competitors; they may integrate backwards. Reason (R): They have different degrees of bargaining power.

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Assertion (A): Buyers, for several industries, are potential competitors; they may integrate backwards.
Reason (R): They have different degrees of bargaining power.