0
What is an informal alliance with business owners who produce a similar product called?
Instead of buying up companies that produced similar products, some company owners formed informal alliances called cartels with other business owners who produced a similar product. As a cartel or pool, they could agree to limit the supply of the product and drive prices up. They would also agree to divide market areas so that each member of the cartel would prosper. Business owners could also form trust agreements with other business owners who owned a majority of stock in a similar product. When a business man owned stock in a company, he owned a percentage of the company. Therefore, as a trust, they could work together to limit competition.
What else can I help you with?
What are strategic alliances and collaborative partnerships?
A strategic alliance in the business world might be two companies that sell the same product, coming together to combine businesses in a region. A collaborative partnership is several companies that make different products combining resources to make one product.
How does marketing bridges the gab between produce and consumer?
Marketing allows the business to connect with customers by identifying their needs. Once their needs are identified, the company attempts to solve their problems with their product.
How did JCPenney get started in business?
To sell a better product for the best product.
Is Nike merchandising or a manufacturing business?
Nike is primarily a manufacturing business. They produce all of their goods themselves. While they do have "outlets", nike apparel is generally sold by merchandisers. Merchandising are places that don't typically make their own product, they just sell others.
How the community patronize your business?
if the people in the community patronize your product,then your business has_____________.
What is an informal alliance with other businesses who produce a similar product?
cartel-----an association, a lobbying group...
What is product and service alliance?
Product or service alliances -- One company licenses another to produce its product, or two companies jointly market their complementary products or a new product.
A business buys 5000 dollar worth of resources to produce a product . The business makes 100 units of the product and each of them sells for 65. The value added by the business to these product is?
$1,500.
What does a business that sells product or produce services make?
To make a profit.
What is A person who starts a business to produce a new product in the marketplace is known as?
An entrepreneur
What are the motives of business?
The motives of business are to make a good product and produce a lot of it. This will then make money for the business, which is another motive. Businesses also keep people employed, which will then be good for the economy.
Is amway business halal or haram?
Amway business seems to be halal it makes products which benefit human body.however if it produce a harmful product then it would be haram or it use the haram ingredents then it is haram.however it produce some product for patient which contain some haram ingredent then it would only be halal for the patient only.
A group of experienced people from different areas of a business joined together to develop produce and market a new product?
entrepeneur team.
What do you need for project?
In project, the work is done to produce a product and that product is expected to deliver some benefits or purpose which may be of business objectives example to increas proffitability, efficiency etc
Which group is likely to offer informal advice and information about a product or product category?
Friends and family are likely to offer informal advice and information about a product or product category. Their personal experiences and recommendations can significantly influence consumer decisions. Additionally, online communities and social media platforms also serve as informal sources of advice, where individuals share insights and reviews about products.
How can an entrepreneur seeking funds to launch a business convince potential leaders and investors that a market for the product or service really does exist?
Produce a survey result/response. And explain the potential need for the product.
What type of product does Brantano produce?
Brantano is a footwear retailer from Europe that has different lines for men, women and children. They also produce a variety of brands of footwear that the business has other companies make for them.
