In 2008 United Airlines and American Airlines disclosed settlements in a class-action lawsuit over allegations of airfreight price fixing. This means the companies _____.
A. tried to charge fees for air fright that were below costs
B. charged customers different amounts for the same shipments
C. agreed on the price they would charge customers for air freight
D. used uniform geographic pricing
E. created an artificial demand for shipping
Answer: C
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Pareto's Law suggests that 80% of a company's revenues or profits are accounted for by 20% of a firm's products or customers
Indicate whether the statement is true or false
Slim Sips manufactures a variety of sugar-free beverages and is widely known in the country of Venture. Slim Sips plans to acquire a small firm named Slim Cow that makes low-fat cheese. Because of concerns about obesity in Venture, the market for low-fat cheese is increasing at a growing rate. However, Slim Cow's poor popularity in the market has caused it to go into loss. Slim Cow is most likely a ________ according to the BCG Matrix.
A. dog B. cash cow C. star D. question mark E. satellite
The main feature of labor relations in Australia is a centralized system of:
A. Collective bargaining that addresses workplace issue B. Arbitration awards that specify pay and working conditions for an occupation C. National level bargaining to set industry standards for working conditions D. Labor law reform
Identify and give an example of each of the four B2B markets.
What will be an ideal response?