The primary difference between trade incentives and trade allowances is that for the trade incentive:
A) the retailer must perform some type of function in order to receive the trade incentive
B) the manufacturer must perform some type of function to encourage the retailer to accept the merchandise
C) the retailer receives a price break if they order a specific quantity
D) involves a price reduction being passed on to consumers by retailers
A
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One of the problems with using a variety of channels (multiple-channel system) is loss of control over some part of the system
Indicate whether the statement is true or false
Which of the following is not true of situations when a new plant can be built that is a duplicate of others already functioning?
A. The technical department can send the current manufacturing specifications without alteration. B. Design engineers need only copy the drawings and lists of materials that they have in their files. C. Reasonably accurate forecasts of plant erection time and output can be based on experience with existing facilities. D. Labor trainers experienced in the operation of the machinery can be sent to the new locations as long as they receive adequate cultural training in advance.
Which of the following is true about the Sherman Act?
A) Liability under Section 2 for monopolization requires agreement with another party, but liability under Section 1 for restraint of trade does not. B) Liability under Section 1 for restraint of trade requires agreement with another party, but liability under Section 2 for monopolization does not. C) A business can be liable under either Section 1 or Section 2 without any agreement with another party. D) Liability under either Section 1 or Section 2 requires agreement with another party.
The three types of profit-sharing plans are ____________________, ____________________ or ____________________.
Fill in the blank(s) with the appropriate word(s).