Ever Improving Levels of Efficiency Enhance Profit Margins for a Cost

question 36

Multiple Choice

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

• A) Potential entrants
• B) Substitutes
• C) Buyer power
• D) Supplier power

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Definitions:

Cervix

The lower part of the uterus that opens into the vagina, playing a crucial role in childbirth.

Dilated

Refers to being widened or enlarged, commonly used to describe the dilation of pupils or blood vessels, or the dilation stage during childbirth.

Effaced

Effaced, in obstetrics, refers to the thinning and shortening of the cervix in preparation for childbirth.

Crowned

To be appointed or recognized in a ceremonial or symbolic position of authority, often used in the context of royalty or achievement.