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It is a Monopoly.
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∙ 13y ago
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What is total control of the supply of a product or service?
A monopoly!
What is monoploy?
Monopoly (monos=single or alone, polein =to sell) means exclusive control of the market supply of a product or service.
Difference between demand and supply and what causes each?
The words are just what they say. Demand is how much desire consumers have for a product or service. Supply is how much of a product or service is available. When demand is great and supply is low the price of a product or service increases. When demand is low and supply is great, the price of a product or service decreases. The effect on price is the quantification of supply and demand. Demand in many instances is driven by disposable income and free time. Henry Ford recognized this in increasing the wages of his workers and decreasing their work time. See the related link below.
A market where a few large suppliers control the supply of a product is called?
Oligopoly.
What is the term that refers to the sequence of activities involved in producing a product or service?
Supply Chain
What is total control of the supply of a product or service?
A monopoly!
One company or a small group of cooperating companies having control of the supply of a product or service is known as a?
monopoly
What is monoploy?
Monopoly (monos=single or alone, polein =to sell) means exclusive control of the market supply of a product or service.
What does the trailer air supply control do?
what does the service air line do
Difference between demand and supply and what causes each?
The words are just what they say. Demand is how much desire consumers have for a product or service. Supply is how much of a product or service is available. When demand is great and supply is low the price of a product or service increases. When demand is low and supply is great, the price of a product or service decreases. The effect on price is the quantification of supply and demand. Demand in many instances is driven by disposable income and free time. Henry Ford recognized this in increasing the wages of his workers and decreasing their work time. See the related link below.
A market where a few large suppliers control the supply of a product is called?
Oligopoly.
What is the term that refers to the sequence of activities involved in producing a product or service?
Supply Chain
A single organization which has total control of a specific product or service?
A monopoly.
Is easier to control the quality of a service than the quality of a product?
yes
The complete control of a product or service by a single company?
monopoly
Is it easier to control the quality of a service than the quality of a product?
yes
How Market is made up off in Economics?
Market is made up of consumers where the element of product/service demand occurs. When the demand is generated suppliers have to fulfill the demand of the customers through the supply of product/service. In short demand and supply makes the market.
