Molly runs the best dog grooming shop in town. All the dogs love her, as do the owners. She is particularly popular because of a special type of dog biscuit she gives for treats that provides such energy that owners have been known to try them too. Slowly but surely all the other dog grooming shops start to go out of business. Molly claims surprise when one day she is charged with unlawfully
monopolizing the dog grooming business. Which of the following would be her best defense?
a. That she primarily provided biscuits, not grooming.
b. That she did not intentionally obtain monopoly power or retain it through anticompetitive acts.
c. That she did not intentionally obtain monopoly power, and that it was legally acceptable for her to willfully attempt to keep it.
d. That services, not goods, were involved.
b
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Mergers and acquisitions are associated with which grand strategy?
a. stability b. combination c. turnaround and retrenchment d. growth
Independents can compete with chain organizations (in terms of image, promotional effectiveness, and central organization assistance) through _____
a. franchising b. an off-price chain c. a vertical marketing system d. a leased department
Meiller Co had a dispute with a Peruvian client over the wording in a contract. The issue ended up in federal court in Miami. The judge ruled that the Spanish version of the contract was controlling. To avoid such problems in the future, what should Meiller do?
a. fully develop the payment clause in the contract b. more carefully study the cultures of the country in which the client is located c. have the contract translated into the two languages and include a choice of language clause designatingEnglish as the official language d. sell the goods using letter of credit and make sure the client meets all requirements of the letter of credit e. there is nothing to be done since many contracts must be written in more than one language
________ represents what future owners will pay present owners for their business.
A) Book value B) Market value C) Replacement value D) Future value