Univ Airlines and Mirago Airlines are competitors. They mutually agree to charge customers a certain price for airfreight. This leads to the several lawsuits being filed against them by other airlines. In this case, Univ Airlines and Mirago Airlines can be charged under the _____ Act.
A. Clayton
B. Sarbanes-Oxley
C. Sherman
D. Robinson-Patman
Answer: C
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Why are industry standards so important in high-tech markets?
a. They restrict customer options, enhancing the odds that a firm will gain sales. b. Standards reduce customer fear, uncertainty, and doubt, and thus, can help to grow the market, which is particularly important for products with network externalities. c. The availability of complementary products is large determined by the number of competitors in an industry. d. Because intellectual property rights are difficult to enforce. e. All of the above.
Retail ________, which are the sensory-based stimuli within the retailer's environment, have been shown to contribute greatly to people's shopping enjoyment.
Fill in the blank(s) with the appropriate word(s).
Hayden, a buyer for a medium-sized company, is assessing the value of competing software products for use in his firm. Which of the following would NOTÂ be a customer benefit considered in his determination of this product's value?
A. Speed of delivery B. Ease of installation C. Availability of technical support D. Availability of training assistance E. Monetary price
BP followed industry standards in its construction of Deepwater Horizon
Indicate whether the statement is true or false