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A business that you have described here could be called a monopoly.

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15y ago

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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 is control Of the supply of a product or service?

It is a Monopoly.


What strategies enabled big business to eliminate competition?

Your business needs to be the best is selling and marketing.OrThe formation of monopolies allowed for exclusive control over the supply of a particular product with no competition.


What is total control of the supply of a product or service?

A monopoly!


If the demand of a product increases but the supply does not is it better for the consumer or the business owner?

For the business owner


A large business that controls the supply andor sale of a product?

A monopoly.


A business that is owned by stockholders is called?

State a business formed to manufacture or supply product for a profit


What is end to end supply chain visibility?

It is a one stop shop solution for bringing in the organization's complete supply chain process in a single window.Say, a particular product is ordered online, the company then manufactures it, Ships it to its Storage points , then Deliveries, Customs and then finally reaches the customer.It undergoes all the above lifecycle mentioned above. End to End supply chain visibility allows the business to track control of the inventory/position of a particular product in the above said milestones.Regards,Srivignesh KN


A market where a few large suppliers control the supply of a product is called?

Oligopoly.


Supply has the potential to contribute to what?

Supply has the potential to contribute to demand. When a product is highly demanded, but the supply is low, a producer can increase their price. This process will increase revenue for the business.


What is the Microsoft Dynamics Nav used for?

The Microsoft Dynamics Nav gives small business complete control of their processes like the supply chain and increases employee productivity by providing insights into their daily work.


What factors are considered when identifying business goals and policies related to price?

amount of sales that are sought, pricing policies of competitors, profits that are projected, supply of the product that is available and projected demand for that product, the location of the business