A company that is considered a monopoly is PepsiCo. It owns several brands such as Gatorade, Frito- Lays, Tropicana, Quaker, Tostitos, Aquafina, Lipton, Cheetos, Naked juice and even Starbucks. This company started off as a beverage company with just Pepsi but now has dominated other food categories such a chips, juices, water and much more. Monopolizing the food industry in snacks and beverages reduces the competition with other companies because they dominate a large amount of brands that the chances for other companies to prosper and grow are reduced tremendously that they almost don’t have any competitors.
My thoughts on this type of behavior is that there should be a limit on how many brands a corporation can obtain. This doesn’t allow smaller brands to prosper because PepsiCo owns such a great amount of brands that when a person goes into a gas station to buy a bag of chips and a soft drink it is likely that the products are a PepsiCo brand. PepsiCo’s monopolization is an example of capitalism. It is controlling production and consumption on several aspects even more than its competitor, Coca-Cola Company, which owns several brands but mostly beverage brands such as Dasani, PowerAde, Fanta and Minute Maid. PepsiCo is a great example of a company that has control over a market.
My thoughts on this type of behavior is that there should be a limit on how many brands a corporation can obtain. This doesn’t allow smaller brands to prosper because PepsiCo owns such a great amount of brands that when a person goes into a gas station to buy a bag of chips and a soft drink it is likely that the products are a PepsiCo brand. PepsiCo’s monopolization is an example of capitalism. It is controlling production and consumption on several aspects even more than its competitor, Coca-Cola Company, which owns several brands but mostly beverage brands such as Dasani, PowerAde, Fanta and Minute Maid. PepsiCo is a great example of a company that has control over a market.