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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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