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Understand business markets

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Question 1 of 4

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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