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What is it called when one company has complete control of a product or service?
Wiki User
∙ 12y ago
A monopoly.
Wiki User
∙ 12y ago
Anonymous
Anonymous
conduction
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What is an advantage of quality control?
An advantage of quality control is that each product or service is consistent and the customer or consumer can count on it as a company. In a company, a lot of money is spent ensuring quality control.
Is it easier to control the quality of a service than the quality of a product?
yes
What is the best answer of Does your company offer a service contract on this product?
Yes, we have one of the best service contracts in the industry.
What is the difference between product development and service development?
Product based company will be involved in the development of Product like a Telecom Product or Billing Product etc., Microsoft is a Product based company.Service Based company will be involved in the development of Application which will used to serve the various sectors such as Insurance, Health care, Retail, Banking etc., There are lot of Service based companies such as TCS, Wipro, Satyam etc.,
Is the silver company reliable?
The silver company has a 20 year history of excellent customer service. In those years they have striven to uphold a certain level of quality both in product and customer service.
What is it called when a company has complete control of an industry or service?
Sounds like a monopoly to me.
What word means a business or industry having complete control over a product or service?
nothing
Whats a monoply?
A monopoly is when a company takes control and owns all of a service or product on the market.
What is an advantage of quality control?
An advantage of quality control is that each product or service is consistent and the customer or consumer can count on it as a company. In a company, a lot of money is spent ensuring quality control.
Is symphony services is an IT product company or service company?
Service company. Offshore product development sector
How monopoly arises?
A monopoly occurs when one company has total control in the production and distribution of a product or service.
One company or a small group of cooperating companies having control of the supply of a product or service is known as a?
monopoly
The complete control of a product or service by a single company?
This is known as a monopoly, where one company dominates the market and has exclusive control over a product or service, limiting competition and potentially influencing pricing and quality. Monopolies can have negative impacts on consumers and may lead to reduced innovation and efficiency in the market. Government regulation is often used to prevent or break up monopolies to protect consumers and promote healthy competition.
Why are patents sometimes referred to as monopolies?
A monopoly is when one person or company has total control over the market for a certain product or service. Like in the Hasbro game of Monopoly: when you own all the properties of the same color, you have a monopoly. If you patent a product, it means that your product is documented so no one can take your ideas and/or designs and claim them as their own. So you are the only one that can claim that product and you have complete control over that product's market. Therefore, you have a monopoly on your product.
How can you have access to service manuals of access control product?
It will not be possible, because if it was, the value of the access control will be zero and most access controls work with micro processors, that is preprogrammed and only registered service company's have access to the manuals.
What is control Of the supply of a product or service?
It is a Monopoly.
What is total control of the supply of a product or service?
A monopoly!
