Which of the following terms refers to an action that interferes with the economic law of supply and demand?
A) conscious parallelism
B) collusion
C) restraint of trade
D) conspiracy
C
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Explain several reasons that a customer might find a relationship with a company to be beneficial
What will be an ideal response?
Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. The company's leading salesperson is Peter Austin, who sees his company "as a service company rather than a food and drink business. Our priority is to get the hampers out on time, filled with the right products." Austin often checks to see if his customers are satisfied with his service.When Austin phones a recipient of one of Clearwater's deluxe hampers to inquire if the picnic basket arrived
on time and undamaged, he is engaged in: A. a post-approach. B. a parallel referral. C. follow-up. D. forestalling. E. cold calling.
Answer the following statement(s) true (T) or false (F)
1. U.S. legal and political systems are generally very favorable to new business creation, enabling people from a variety of backgrounds, ethnic groups, income brackets, and age groups to start their own business. 2. The number of businesses in the United States has decreased steadily over the past decade. 3. Small businesses are important players in the U.S. economy because they represent about half its output and employ about half the private sector work force. 4. Self-employment as a primary occupation has declined by over 2 percent. 5. After the first year of being in business, an entrepreneur is guaranteed a small profit.
Homeyer Corporation has provided the following data for its two most recent years of operation: Selling price per unit$71Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$12Direct labor$6Variable manufacturing overhead$3Fixed manufacturing overhead per year$264,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$4Fixed selling and administrative expense per year$74,000 Year 1Year 2Units in beginning inventory03,000Units produced during the year11,00012,000Units sold during the year8,00014,000Units in ending inventory3,0001,000 The net operating income (loss) under absorption costing in Year 1 is closest to:
A. $208,000 B. $30,000 C. $102,000 D. $176,000