Help to check grammar and word usage (Similar wordcount) Bargaining power for bu

Question

Help to check grammar and word usage (Similar wordcount)

Bargaining power for buyers

Due to a variety of manufacturers for luxury vehicles the buyers have a lot of brands for them to choose from depending on the customer’s mood, taste and disposable income hence the bargaining power for buyers is high. Nowadays because of free access to internet customers have the luxury to compare the brands before they would eventually purchase the vehicles. On the other hand, climate plays a huge role when it comes to purchasing, for instance during winter many companies are likely to work less reducing their disposable income making it hard for most people to afford luxury products (Leruste, 2013). Manufacturers they are forced to keep on evolving to match what is required by the customers and for Mercedes Benz they are always coming up with a lot of new models with exceptional functions to allure customers.

Conclusion

In conclusion manufacturing luxury cars, they can be good when it comes to bargaining power of suppliers and new entrants because they are the ones who are in control but it is difficult to really expand and have potential customers because of the scarcity of elevation when it comes to disposable income. Moreover, as technology evolves all the companies evolve both luxury brands and cheaper brands because of these the low brand cars have low chances to be at the same level as the luxury cars so it is an added advantage for luxury vehicles. However, on the other hand it is clear according to statistics that the percentage of wealthy people is lesser than the percentage of middle to lower class people indicates that more people are likely to purchase either second hand luxury vehicles or other lower brand vehicles. The richer are getting richer and the poor are getting poorer (Snyder, 2010).

Explanation / Answer

Bargaining power for buyers

There are variety of manufacturers for luxury vehicles where the buyers have a lot of brands for them to choose from depending on the customer’s mood, taste and disposable income. Hence the bargaining power for buyers is high. Nowadays the access to internet are high, so that the customers have the luxury to compare the brands before they would eventually purchase the vehicles. On the other hand, climate plays a huge role when it comes for purchasing, instance during winter many companies are likely to work less through reducing their disposable income making it hard for most people to afford luxury products (Leruste, 2013). Manufacturers are forced to keep on evolving to match what is required by the customers by Mercedes Benz, as they are always coming up with a lot of new models with exceptional functions to all the customers.

Conclusion

In conclusion manufacturing luxury cars can be good when it comes from bargaining power of suppliers and new entrants because they are the ones who are in control. It is difficult to really expand and have potential customers because of the scarcity of elevation when it comes to disposable income. Moreover, the technology evolves all the companies with both luxury brands and cheaper brands. The low brand cars have low chances to be at the same level as the luxury cars so it is an added advantage for luxury vehicles. However, on the other hand it is clear according to statistics that the percentage of wealthy people is lesser than the percentage of middle to lower class people indicates that more people are likely to purchase either second hand luxury vehicles or other lower brand vehicles. The richer are getting richer and the poor are getting poorer (Snyder, 2010).

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