Understand business markets
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Question 1 of 4
A monopsony market is one where
There is one seller who can control prices
There are a few large buyers for a product or service
There are many competitors selling similar products
One single buyer can control market prices
Which one of the following is least likely to influence the goals of an organisation?
the economy
supply chain
demand
legislation
Intellectual Property Law protects:
patents, trademarks, designs and copyrights
all employees and visitors
consumers
property sales and rental
A social enterprise can be set up as
Any of the above
a partnership
a limited company
a sole trader
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