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Monopoly (4)
MONOPOLY (4)

Definition: A company or other organization that has a monopoly (= when a company or organization is the only one in an area of business or activity and has complete control of it) in a particular industry.
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* All eight elements should be in.


1. Fulfils all legal and corporate obligations.

2. Observes best practices and total quality management.

3. Has excellent relations with workers or labour union.

4. Its prices will be reasonable and affordable.

5. Performs some considerable corporate social responsibility.

6. Retains status as long as desired, until a law breaks it up.

7. Serves purpose(s) for the owners or proprietors.

8. Benefits the society/public and the environment.
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