- Higher production leading to low cost of goods per unit thus higher profits
- Large market due to lower prices and no competition
- Reduced competition increases sales
- Advantages of specialisation
- Better management as a result of combined pool of specialist / specialised labour
- Cheap purchases of raw materials as a result of bulk buying at a discount
- Will be able to attract external finance easily for expansion
- Control of prices due to information of cartel
(Visited 15 times, 1 visits today)
Share this:
