I know there's a word for it and can't quite remember it...
2006-11-15 05:54:16 · 12 answers · asked by Bailey P 2 in Business & Finance ➔ Corporations
For example: a licence is needed to carry out a certain business. One company applies and has to pay a lot of money for a licence, and spend a lot fo time and effort on paperwork. Another company trades happily with no licence at the whim of a council official.
Or: one company has a person on the board of directors that means it gets around the legal system (wrongly) where other companies have to pay the tax, or whatever it is. I'm sure there's a word for it and just can't remember...
2006-11-15 10:12:04 · update #1
Depending upon what that advantage is...
A monopoly: but only where the business has the whole or the majority of the market for a particular product or service
Insider Dealing/Trading: where a business has an unfair advantage by being in receipt of future activity of a business
A Cartel or Boston Tea Party: where prices are fixed by the same or related businesses to keep prices high (sometimes also known as monopoly)
Competitive advantage: Where significantly more favourable perceptions or product status / value lead customers to choose a company's product over its competitors'
2006-11-15 06:37:13 · answer #1 · answered by Boring Old Fart 3 · 0⤊ 0⤋
Monopoly
2006-11-15 07:48:28 · answer #2 · answered by lizzie4paul 1 · 0⤊ 0⤋
Define "unfair". If the competitive advantage created is due to use of an illegal or unethical business practice, then the right verbiage is "unfair business practice".
A monopoly has to do with market dominance which can be due to a competitive advantage or lack of other players in the market.
2006-11-15 06:40:14 · answer #3 · answered by boston857 5 · 0⤊ 0⤋
There's no such thing as an "unfair" commercial advantage, unless one company is stealing from the other physically. If one company is better at what it does than the other, then it has the right to continue to be better and doesn't have to share its secret with anyone.
2006-11-15 05:57:19 · answer #4 · answered by Anonymous · 0⤊ 2⤋
Monopoly?
2006-11-15 05:55:25 · answer #5 · answered by smarty 1 · 0⤊ 1⤋
Life.
2006-11-15 06:04:18 · answer #6 · answered by Anonymous · 0⤊ 0⤋
when one company has an advantage over another they are said to have a monopoly
2006-11-15 05:59:20 · answer #7 · answered by Anonymous · 1⤊ 0⤋
a leg up an edge I would help if you provided the sentence you are writing.
2016-03-28 21:34:03 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I know it but can't remember will come back to find out. Ta !!
Well done Smarty !!!
2006-11-15 05:55:59 · answer #9 · answered by Steven W 3 · 0⤊ 2⤋
anti trust
2006-11-15 05:56:44 · answer #10 · answered by Blunt Honesty 7 · 1⤊ 0⤋