An agreement among businesses at the same level of industry to fix prices is:
a. legal if the parties mutually agree (no duress) to lower their prices b. legal if the price set is reasonable to consumers
c. usually illegal per se under the antitrust laws
d. illegal unless the primary customers of the firms agree with the move e. legal if the FTC participated in the decision
c
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In the United States, people from various regions use different words when referring to Coca-Cola, such as soda, pop, soda pop, for example. These word choices refer to the __________ of a region.
a. dialect b. syntax c. accent d. language
Responsibility is ______.
a. the obligation to achieve objectives by performing required activities b. the right to make decisions, issue orders, and use resources c. how well individuals meet their objectives d. the clear line of authority from the top to the bottom of an organization, forming a hierarchy
_______ is that the supplier firm works to increase its profitable share of the customer's business and to become an irreplaceable partner
a. Customer selection b. Ordering selection c. Growth d. Continuity
A pull system is a production system in which actual downstream demand sets off a chain of events that pull material through various steps in the production process
Indicate whether the statement is true or false.