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Explain the threat of substitutes for Blockbuster, the movie-rental business.
Percentage Markup
The increase in cost price expressed as a percentage of the cost.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials and labor.
Average Price
The mean amount of money paid for goods or services, calculated by dividing the total cost by the number of items bought.
Operating Ratios
Financial metrics that measure the efficiency and profitability of a company by comparing various expenses or costs to its total revenue.
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