Monopoly is a market situation in which a single company or entity has complete control over the production or distribution of a particular service or product without significant competition. Simply put, one single seller sells unique products without substitutes or competitors. The seller enjoys the ...
Such barriers can be legal, like patents or copyright. In addition, they must also be low enough to discourage new firms from entering the market. The single seller can't raise prices above their costs of production. If they raise prices below their costs, the competition is forced to ...
Infosys is one of India’s leading information technology companies and is subject to various aspects of business law, especially in the context of the IT sector. a. Data Protection and Privacy Infosys handles a massive amount of sensitive data for its clients. The Indian government introduced th...
In these inspiring customer service examples, see which customer support practices you can swipe from Zappos, Trader Joe’s, and Starbucks!
been cut. Since then several hundredpatentshave been awarded for genetically altered bacteria and plants. Patents on genetically engineered and genetically modified organisms, particularly crops and other foods, however, were acontentiousissue, and they remained so into the first part of the 21st ...
Political.Government policy in India is one of the most significant external factors that impact the company’s operations. The Indian government has created a conducive environment that allows sports goods retailers to compete and flourish, such as the relaxation of the FDI policies in 2013(Nair,...
visible solid assets and intangible assets purchased in the acquisition and the liabilities assumed in the process. The value of a company’s brand name, solid customer base, good customer relations, good employee relations, and any patents or proprietary technology represent some examples of good...
In contrast, intangible assets like goodwill, copyright, patents, and so forthReal accounts are not closed at the conclusion of the fiscal year since they are carried over to the next one. The balance sheet also includes an actual account. Real accounts include furniture accounts....
and the value cannot be calculated easily. Goodwill includesintellectual propertysuch as secret formulas, patents, and brand names, and it reflects balance sheet assets that have been written down (i.e., reduced in recorded value) but that still have plenty of value, such as real estate (car...
A more modern version of this is the Indian Railway, though this may technology be a monopoly as opposed to a monopolistic market. The Indian Railway is considered a monopoly due to being the sole provider of railway transport in the country. This monopoly arises from the fact that only one...