Examlex
Joy just learned to speak French, but she notices that sometimes when speaking Spanish to her friends French words come to mind. What is this an example of?
Costs
Costs refer to the amount of money required for the production of goods or services, including expenses related to labor, materials, and overheads.
Competitors
Entities or individuals that are in the same industry or market and vie for the same customers or resources.
Decrease Supplier Power
Involves strategies or actions taken by purchasing companies to reduce the influence and control of their suppliers over prices, terms, and supply.
Rivalry Among Suppliers
A competitive situation where suppliers in the same market vie for business by offering better terms, prices, or quality.
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