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