In what ways would a firm acquire dominance of a market?

      

List ways in which a firm would acquire dominance of a market.

  

Answers


Maurice
(i) By initiating mergers with and takeovers of other similar firms to increase the size of the firm.

(ii) By lobbying the government to get exclusive rights to produce a particular product.

(iii) By increasing the scale of operation.

(iv) By acquiring the ownership of a source of a raw material.

(v) By acquiring control over market channels.

(vi) Acquiring ownership of production right/ patent/ copyright.
maurice.mutuku answered the question on July 18, 2017 at 12:30


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