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What are companies that have complete control over a particular product or industry?
Wiki User
∙ 9y ago
in control
Wiki User
∙ 9y ago
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What is the exclusive control of an industry?
a monopoly
What are the advantages of production planning and control to a small scale industry discuss?
Advantages of production planning and control to a small scale industry are that, the industry is able to manage its finances, the industry controls the order and stock, there is no over or underproduction.
What is is called when a single company is strong enough to control an entrie industry?
A monopoly
What what is it called when a single company Is strong enough to control an entire industry?
A monopoly
Andrew carnegie gained control of large percentage of the steel industry by doing all of the following except?
Andrew Carnegie did not cut the quality of his products in the process of gaining control of a significant percentage of the steel industry. His net worth, in today's dollars, was $298.3 billion.
Which terms means complete control over a particular industry or trade?
it means monopoly
When business gains complete control of an industry it is called?
When business gains complete control of an industry it is called a monopoly. In the United States, monopolies are illegal by statute.
What is it called when a company has complete control of an industry or service?
Sounds like a monopoly to me.
What is it called when a business has complete control over an industry?
Monopoly
Why did companies form trusts?
Companies formed trusts in order to consolidate control over a particular industry or market, allowing them to eliminate competition and increase profits. By combining multiple companies under one trust, they could set prices, control production, and dominate the market. Trusts were a way for companies to work together to achieve greater power and influence.
What describes a situation where a trust gains complete control of an industry?
Monopoly.
What was a trust during the gilded age?
A trust is when competing companies in an industry join together to control the industry. They form a monopoly.
What is a business consolidation whose aim is to monopolize and acquire control in a particular industry?
a trust
What is it called when a few large companies control an industry?
This is known as an oligopoly. They often work as a mechanism between companies to reduce competition and inflate prices for consumers.
What word means a business or industry having complete control over a product or service?
nothing
What type of government takes complete control of the agriculture industry?
i think communistic i think communistic
What was the purpose of trusts?
The purpose was to get rid of big businesses. It was to prevent big companies that attempted to control an entire industry.
