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Vertical integration? I know its not social darwinism.
consolidates many firms involved in the same business into on giant company
trust.
Monopoly .
Monopoly.
Vertical integration? I know its not social darwinism.
consolidates many firms involved in the same business into on giant company
Controlling the prices for a product by eliminating the competition.
consolidates many firms involved in the same business into on giant company
Most firms are influenced by the prices that their competitors are charging.A business cannot ignore the prices being charged for similar goods by other firms in the same area.The normal situation is for firms in the same area to charge similar prices.A business that charges higher prices than its competitors would soon be out of business.
the process of bringing together many firms in the same business to form one large company
Personal accounting will involve handling specific peoples money and accounts. Business accounting is the same for firms and you will be working with many other accountants.
when two or more firms producing same industry and lying on the same line combine together
people engaged in same kind of business or same kind of activities must have the same objectives in a single plan.
Conglomerate is a merger between firms that are involved in totally unrelated business activities. A vertical merger is a merger between firms that exist in the same supply chain, while a horizontal merger is a merger between firms in the same industry.
Monopoly
Perfect Competition