Examlex
The situation where managerial and technical work that are amenable to specialisation to produce more and better work with the same amount of effort is known as:
Buyer Power
Refers to the ability of consumers to influence the pricing and quality of goods and services in a market due to their collective purchasing power.
Supplier Power
Refers to the ability of providers of goods or services to dictate terms and influence prices in the marketplace due to their strong position vis-à-vis buyers.
Competitive Edge
The unique advantage a company or product has over its competitors, making it more attractive to consumers or clients.
Lower Costs
The reduction in the expenses incurred in the production of goods or services, enhancing a company's profitability.
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