Andrew Carnegie had a monopoly in the steel industries.
The owner owns the business. Him and other superiors can control the business. Whoever the owner approves of can control the 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.
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.
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,
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.
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.
they worked hard and never gave up on their business
The one business that Andrew Carnegie was known for dominating was the steel manufacturing business.
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