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What is the difference between a monopoly and a monopsony?
A monopoly is when a single company controls the supply of a product or service in a market, while a monopsony is when a single buyer controls the demand for a product or service in a market.
What basicaly business is?
To sell a product or service at price higher than what it costs to you to make that product or provide that service. Basically to be profitable.
How monopoly arises?
A monopoly occurs when one company has total control in the production and distribution of a product or service.
What word means a business or industry having complete control over a product or service?
nothing
One advantage of monopolies from a business perspective?
A monopoly is when a business has a product or service that no one else offers. If a business holds a monopoly over competition they will have more money.
When a business has no competitors and controls the market for a product or service it is said to have an?
have a monopoly of the market
What is product and service in a business?
product and service in your life cycle
Is the Business employees are not directly related to the quality of a business product or service?
Business employees are not directly related to the quality of a business product or service
What is the difference between a monopoly and a monopsony?
A monopoly is when a single company controls the supply of a product or service in a market, while a monopsony is when a single buyer controls the demand for a product or service in a market.
Does a tailoring shop is a business?
Yes.Selling any product or service is a business.Tailoring is a service business.
What are the roles of distribution channels in marketing of products?
describe the types of distribution channels that can be use in the marketing of a product or service
The relationship between Marketing and Physical Distribution?
Physical distribution (or place) is one of the four elements of the marketing mix. An organization or set of organizations involved in the process of making a product or service available for use or consumption by a consumer or business user. -
What to do business with the spokesparson?
individual who speaks on behalf of a product or service and whose name becomes associated with the product or service.
What is operational managers do?
Operation manager is the one who controls the entire process to meet the obligations of his/ her business to acquire a major role in the market by offering a very good product or service to the customers/client's
What basicaly business is?
To sell a product or service at price higher than what it costs to you to make that product or provide that service. Basically to be profitable.
Why are service brands easier to extend than product brands?
In one word: Distribution. Product based brands must have a distribution network to get the end product to market. Service brands rely on people, methods, and policies and can be performed in any market without regard to optimizing or clustering the units.
What is the Internet business?
Truly it would be selling Internet service as an ISP (internet Service Provider) or WISP (Wireless Internet Service Provider). If you mean an Internet Business such as having a website where you are selling a product and/or someone else's product that is also an Internet business where you may or may not be selling Internet service.
