answersLogoWhite

0

Andrew Carnegie had a monopoly in the steel industries.

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Finance

Who owns and controls businesses?

The owner owns the business. Him and other superiors can control the business. Whoever the owner approves of can control the business.


What are control mechanisms in a business?

Control mechanisms are things managers establish to ensure that their operations don't stray too far from their business objectives. For instance, budgets are considered a control mechanism.


How does ownership differ from control?

Well isn't the answer in the question? I'm just giving you a basic answer here. If we're talking about a business, ownership is where someone owns, or has part ownership of a business. The owner has control/part control over the business, depending on the percentage of the business they own. Most of the time, the business owner will hand over or hire someone to take control (depending on the business type/size) this person is called a manager and the manager will make decisions on the owners behalf, that is what a manager is being paid for, to take control, but will generally consult the owner. If the owner doesn't hire a manager, the owner has control over the business because they are the owner. There are many different ways this can work but i am just giving you the basic understandings of ownership and control over a business, it can be very complicated but I'm sure Wikipedia will be able to answer your question in much greater detail. I hope this has helped.


What is business managemnt?

Business management is the process of organising,planning,control and leading in the business environment. It need the management to have business skills of how to lead a business and qualified for a job. such as having a degree in management or Bcom,


Why to control cost and budget?

It is important to control cost and budget that a business is able to stay open and profitable over a length of time. Keeping costs down and profits high is essential for the longevity of a business.

Related Questions

Did Andrew Carnegie have any cousins and what were their names?

Yes, Andrew Carnegie had cousins. One of his prominent cousins was George Lauder, who later became a successful businessman in Scotland. Andrew Carnegie also had several other cousins, but their names are not as well documented.


Who did Andrew Carnegie and John D Rockefeller enter into control?

they worked hard and never gave up on their business


What business did Andrew Carnegie dominte?

The one business that Andrew Carnegie was known for dominating was the steel manufacturing business.


Can you be carnege in web of shadows?

beat every thing to play as carnage and spiderman forever


How can you unlock Spider-Carnege on web of shadows for PS3?

you have to get 500ponits only ps3 wii PC


What is an international business?

An Andrew Broadbent


What has the author Andrew Long written?

Andrew Long has written: 'Business law' -- subject(s): Business law, Commercial law


What has the author Andrew Crane written?

Andrew Crane has written: 'New directions in business ethics' -- subject(s): Business ethics


What has the author Andrew Parker written?

Andrew Parker has written: 'Business applications of the internet' -- subject(s): Computer network resources, Business enterprises, Internet (Computer network), Business


Where was Andrew Carnegies business located?

Pittsburgh


Does business control variety in the marketplace?

Does Business control variety in the marketplace?,


What has the author Andrew George Eliot written?

Andrew George Eliot has written: 'Business letters'