When a business owns and controls companies in the same industry is also known as?

When a business owns and controls companies in the same industry is also known as?

A horizontal acquisition is a business strategy where one company takes over another that operates at the same level in an industry. Vertical integration involves the acquisition of business operations within the same production vertical.

What is an organization owned by many people but treated as though it were a single person?

A corporation is an organization owned by many people but treated by law as though it were a single person. It can own property, pay taxes, make contracts, and sue and be sued. The people who own the corporation are called stockholders because they own shares of ownership called stock.

What is a group of separate companies that are places under the control of a single managing board?

Trust: A trust is a group of separate companies brought under the control of a single managing board to reduce or eliminate competition and thereby maximize their joint (or total) profits.

When a single company controls an entire market it is known as?

When only one company controls an entire industry—or even a sizeable percentage of that industry—the company is said to have a monopoly. Traditionally, monopolies benefit the companies that have them, as they can raise prices and reduce services without consequence.

What is the total control of a type of industry by one person or one company?

Ch-14 vocab*

A	B
monopoly	total control of a type of industry by one person or one company
trust	a combination of firms or corporations formed by a legal agreement, especially to reduce competition
holding company	a company whose primary business is owning a controlling share of stock in other companies

What was the name of a company who controlled an entire area of business in order to decrease competition?

A monopoly in business is a company that dominates its sector or industry, meaning that it controls the majority of the market share of its goods or services, has little to no competitors, and its consumers have no real substitutes for the good or service provided by the business.

What is total control of a type of industry by one person or one company?

monopoly. total control of a type of industry by one person or one company.

How did John Rockefeller achieve control of 90 percent of the oil market?

In 1882, Rockefeller ended competition in the oil industry by forming the Standard Oil Trust, where Rockefeller gained control of over 90% of the oil refining in the country! A trust is a group of corporations run by a single board of directors.

What is a market in which one company has complete control over an industry’s production quality wages paid and prices charged?

Big Business Emerges & A Couple of Inventors, too.

A	B
monopoly	market in which one company has complete control overan industry’s production, quality, wages paid, and prices charged
Christopher Sholes	invented the typewriter

What is a competing companies that put control of their businesses under a single group?

trust. Competing companies put control and their business under a single group of trustees people who run the separate companies as one corporation. The trust can manage the companies with out owning them. pool.

When a business has control of the entire market for a product or service?

What Is a Monopoly? A monopoly is a dominant position of an industry or a sector by one company, to the point of excluding all other viable competitors.

When a corporation has control of a particular market?

A situation in which a particular market is controlled by a small group of firms. An oligopoly is much like a monopoly, in which only one company exerts control over most of a market. In an oligopoly, there are at least two firms controlling the market.