Domination of an Industry by a Single Company Is Known

question 10

Multiple Choice

Domination of an industry by a single company is known as

• A)oligarchy.
• B)dumping.
• C)monopoly.
• D)regulation.
• E)corporatism.

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Definitions:

Stakeholder Responsibility

The obligation of an organization to act in ways that benefit its stakeholders, including customers, employees, and the wider community.

Ethics

The moral principles that govern a person's behavior or the conducting of an activity, often playing a critical role in decision-making.

Profitability

The ability of a business to generate more revenue than expenses, resulting in a profit.

Corporate Philanthropy

The practice where a company allocates a portion of its earnings or assets to support nonprofit organizations or philanthropic endeavors.