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What is an informal alliance with business owners who produce a similar product called?
Wiki User
∙ 11y ago
Instead of buying up companies that produced similar products, some company owners formed informal alliances called cartels with other business owners who produced a similar product. As a cartel or pool, they could agree to limit the supply of the product and drive prices up. They would also agree to divide market areas so that each member of the cartel would prosper. Business owners could also form trust agreements with other business owners who owned a majority of stock in a similar product. When a business man owned stock in a company, he owned a percentage of the company. Therefore, as a trust, they could work together to limit competition.
Wiki User
∙ 11y ago
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How the community patronize your business?
if the people in the community patronize your product,then your business has_____________.
What is an informal alliance with other businesses who produce a similar product?
cartel-----an association, a lobbying group...
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$1,500.
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To make a profit.
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An entrepreneur
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Is amway business halal or haram?
Amway business seems to be halal it makes products which benefit human body.however if it produce a harmful product then it would be haram or it use the haram ingredents then it is haram.however it produce some product for patient which contain some haram ingredent then it would only be halal for the patient only.
A group of experienced people from different areas of a business joined together to develop produce and market a new product?
entrepeneur team.
What do you need for project?
In project, the work is done to produce a product and that product is expected to deliver some benefits or purpose which may be of business objectives example to increas proffitability, efficiency etc
What is the difference between product and produce?
produce is used in agriculture product is used in manufacturing
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Brantano is a footwear retailer from Europe that has different lines for men, women and children. They also produce a variety of brands of footwear that the business has other companies make for them.
How can an entrepreneur seeking funds to launch a business convince potential leaders and investors that a market for the product or service really does exist?
Produce a survey result/response. And explain the potential need for the product.
