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Ever-Improving Levels of Efficiency Enhance Profit Margins for a Cost-Leader

question 9

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Ever-improving levels of efficiency enhance profit margins for a cost-leader. This effects which of the five forces of industry structure most directly?


Definitions:

Warehouse Club

A membership-based retail store offering a wide variety of merchandise, often in bulk, at discounted prices to its members.

Bao

A type of steamed, filled bun or bread-like item in various Chinese cuisines, as well as a name for filled dumplings in Tibetan cuisine.

Willing to Pay More

The readiness of a consumer to spend a higher amount of money for a product or service, usually due to perceived value, quality, or brand loyalty.

Online

Relating to, using, or involving the internet or an electronic network.

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