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Q: Is it true that a business firm that controls all the competition in an industry holds a trust over the industry?
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Continue Learning about Economics

One advantage of monopolies from a business perspective?

A monopoly is when a business has a product or service that no one else offers. If a business holds a monopoly over competition they will have more money.


Ethics have no place in business - discuss this statement?

As the only motive in business that holds any weight is the profit motive, ethical discussion in business holds no weight to those involved. Ethics must be applied to business, as self-regulation is impossible.


How values affect the Business processes?

The values which a business holds can directly affect their processes. For example, a company who values recycling may do everything they can to ensure a paperless environment and prevent waste.


How does a stakeholder affect a business?

a stakeholder holds part ownership of the business. Therefore in all ways he does affect the business. in making decisions can affect the business operations. also in part of contributing the capital, this can lead either the business to gain enough or little capital and hence further affect the kind of business transaction to be carried out due to the capital collected.


How does the economic model of social responsibility differ from the socioeconomic model of social responsibility?

The economic model of social responsibility is in line with the traditional concept of business. It holds that society will earn most if business is left alone to produce products that society needs and make profits. The socioeconomic model of social responsibility holds that business is a part of the society therefore it can not ignore the problems that it causes. The socioeconomic model focus not only in profits but also in the impact of business decisions in society.

Related questions

One advantage of monopolies from a business perspective?

A monopoly is when a business has a product or service that no one else offers. If a business holds a monopoly over competition they will have more money.


Which fisherman holds the record for the most sport fishing competition wins?

Roland Martin holds the record for the most sport fishing competition wins.


Who currently holds the record for the hardest shot competition?

As of the 2009 skills competition: Zdeno Chara from Slovakia.


Holds cell material inside and controls flow of material in and out?

The cell membrane.


Was it Zeus or Poseidon who held the lightning bolt in Greek mythology?

In Greek mythology Zeus holds and controls the lighting, Poseidon holds the Trident.


Are people really interested in having a job of a model?

Very much so. The competition in the modeling industry is very high and the number of female models in the industry greatly outnumbers that of male models. Every large modeling agency that holds an open casting call sees dozens of models every week hoping to get signed.


Why is the music industry needed?

The music industry is needed because it holds together an artist's career together. :3


What does the plant cell membrane do?

A cell membrane holds the cell together and controls what goes in and out of it


Who holds record for most goals scored in the European cup?

Raul currently holds the record, having scored 66 goals in total in the competition.


What makes nucleus so important to plant and animal cells?

It holds the DNA of the cell and it controls it.


Ethics have no place in business - discuss this statement?

As the only motive in business that holds any weight is the profit motive, ethical discussion in business holds no weight to those involved. Ethics must be applied to business, as self-regulation is impossible.


Which bakery holds the lead in the frozen baked goods industry?

Sara Lee