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

question 4

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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:

Group Norms

Accepted standards and expectations that are shared by a group and guide the behavior of its members.

Homogeneous Goals

Objectives that are uniform or similar in nature within a group, leading to a more cohesive and unanimous effort towards achievement.

Disruptive Behavior

Actions that disturb or interfere with normal operations in a setting, such as a workplace or school.

Nominal Group

A nominal group is a structured method for group brainstorming that encourages contributions from everyone by having members write down their ideas and then share them with the group for further discussion.

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