Understand business markets
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A monopsony market is one where
There are many competitors selling similar products
One single buyer can control market prices
There are a few large buyers for a product or service
There is one seller who can control prices
Which one of the following is least likely to influence the goals of an organisation?
legislation
supply chain
the economy
demand
Intellectual Property Law protects:
property sales and rental
all employees and visitors
consumers
patents, trademarks, designs and copyrights
A social enterprise can be set up as
Any of the above
a limited company
a partnership
a sole trader
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