0
What is the exclusive control of a product by a business called?
Wiki User
∙ 14y ago
monopoly
is a really fun game, lmfaoroflzlolteeheeahahahah.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is a total control on a market for a certain product called?
free market
What is it called when one company has complete control of a product or service?
A monopoly.
What is pre-sales and post-sales?
Pre-sales person is a person who has in depth knowledge of specific tool/product. He helps sales person to sale the tool/product and helps the customer to understand how the specific tool/product is helpful to his business by correlating the product and the business.After sale of tool/product providing support for that tool/product or services related to that tool/product which generate the revenue is called as post-sales.
What is an obsolete product?
The product is called absolute product when the product is up to the requirements of the customers.
Why called controllable marketing mix?
Marketing mix is controlled by the business, company or owner because they essentially own the product so they can control all aspects of it. How its made, packaged, labeled, designed, shape and size of item. They also decide how much they wish to sell it for, how they will distribute and promote their products. Owners might hire people to help make these decisions, but ultimately the owners of the product are the only ones that can make those decisions, which makes the marketing mix (product, price, distribution and promotion) controllable elements.
What is a single business called if it has achieved exclusive control over a product or service?
Monopoly
What does a business have if they have complete control of the supply of a product?
A business that you have described here could be called a monopoly.
What is a semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area called?
Business franchise
What is a semi independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area called?
Business franchise
What is it called when a business is in compete control over the supply of a product?
That's called a 'monopoly' - Since they are the only supplier of the product - they can fix the price.
What type of business produces a tangible product?
A business that produces a tangible product is called a manufacturing business.
A business that purchases a product from another business to sell to customers is called a?
manufacturing business
When a control is required to control space or product temperature is called a what?
thermostat
What are some typical business strategies?
For merchandising businesses, when a business wants to enter an existing market with a new product, the appropriate strategy is called "product development", and when there is an existing product, the strategy is called "market penetration". When a business wants to create a new market with a new product, the strategy is called "diversification", and when a company wants to introduce an existing product onto a new market, the strategy is called "market development".
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.
The economic policy of giving business total control of its development is called?
The economic policy of giving business total control of its development is called laissez-faire.
What best explains what exists when one person or company has exclusive control over a particular good or service?
When a single person or company has exclusive control over a good or service it is called a monopoly. Monopolies are characterized by a lack of competition in the market.
