A

Accounting, 24–28

Accounting profit, 25, 26, 29

Advertising- to-sales ratio, 115

Annual percentage rates (APRS), 111

Association to advancecollegiate schoolsof business (AACSB), 8

Average

total cost, 19, 27

unit cost, 27

Avoidable fixed costs, 108

B

Backward integration, 98, 102

Bargaining power of buyers, 29, 93

buyer bargaining power, reduce, 101

buyer switching costs, 101

distributors or retailers, 102

product differentiation, 101

buyer switching costs, 97

costs spent, percentage of, 99

few buyers, 95

industry’s product, impact of, 101

integrate backward, 98

product differentiation, 96

profitability, 100

supplier’s product, 100

Bargaining power of suppliers, 29

Bertrand oligopoly, proactive strategies to prevent

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