Widget Maker, Inc manufactures and sells widgets. It sells widgets to Marklin of Marklin's Department Store and gives him a preference in pricing that discriminates against other retailers. Does Marklin have liability for price discrimination? Does Widget Maker, Inc have liability for price discrimination? Explain
Widget Maker, Inc. has liability under the Robinson-Patman Act which amended Section 2 of the Clayton Act. Under this Act, Widget Maker would have liability, because it is a seller of goods who granted to a buyer a discount that was not offered to all other purchasers on proportionately equal terms. Marklin also has liability if he induced or knowingly received the illegal discrimination in price. Liability would be civil and not criminal, however. Price differentials may be justified by proof of a cost savings or a good faith attempt to meet competition.
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Create a timeline that demonstrates the progression of globalization over time. Begin your timeline with ancient times and end with the current situation. On your timeline, be sure to include the period where protectionist policies became popular.
What will be an ideal response?
Sales of woollen clothing usually increase during the winter season and decline thereafter. This is an example of ________ demand
A) irregular B) declining C) impulse D) latent E) negative
If sales remain the same and the margin of safety increases, which of the following is true?
A) the breakeven point has increased B) the breakeven point has decreased C) fixed costs have increased D) none of these is true
Which of the following is NOT a remedy for the bullwhip effect?
A) share demand information B) channel coordination C) order batching D) price stabilization E) allocate orders based on past demand