________ is a practice whereby a producer agrees to sell a brand to a dealer only if the dealer agrees to sell some or all of the rest of the producer's merchandise
A) Horizontal price fixing
B) Horizontal integration
C) Full-line forcing
D) Direct marketing
E) Disintermediation
C
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Government imposed limits on the quantities of goods traded between nations are called
a. quotas. b. domestic content requirements. c. customs duties. d. tariffs.
ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hr of sewing machine time and up to 150 hr of cutting machine time. Production of one shirt requires 3 hr of sewing time and 1 hr of cutting time. Each pair of pants requires 2 hr of sewing time and 1.5 hr of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. Let X1 = Number of shirts to be produced, X2 = Number of pairs of pants to be produced. Which one of the following corner point (x1, x2) yields the maximum profit in this LP formulation?
A. (24,84) B. (80,100) C. (84,24) D. (80,0)
Claude agrees to lease his house to Irvin for nine months, the lease to begin six months from the signing of the contract. Under the statute of frauds
a. the lease is not required to be in writing. b. the lease is required to be in writing because of the one-year rule. c. the parol evidence rule renders the lease voidable. d. the lease is a collateral promise which must be in writing.
A company has a selling price of $2250 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts. It is estimated that 2% of all printers sold will be returned under the warranty at an average cost of $159 each. During November, the company sold 39,000 printers, and 490 printers were serviced under the warranty at a total cost of $64,000. The balance in the Estimated Warranty Liability account at November 1 was $33,500. What is the company's warranty expense for the month of November?
A. $62,010 B. $124,020 C. $30,500 D. $64,000 E. $77,910