Price fixing is not illegal unless it hurts a competitor.
Answer the following statement true (T) or false (F)
False
Price fixing is when competitors get together to raise, lower, or stabilize prices. It is illegal under all circumstances in the United States, under the Sherman Act and the Federal Trade Commission Act.
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Connections to major highways, pedestrian traffic flow, and availability of mass transit are examples of
A. exclusivity. B. visibility. C. availability. D. cost. E. accessibility.
Which of the following is not part of a service package?
A- the goods that are a part of the service B- the explicit services C- the employee performing the service D- the implicit services E- the physical resources needed
What best describes an organization’s outputs?
a. Outputs include products and services, as well as the satisfaction of employees and customers b. Outputs are an organization’s carbon footprint and environmental impact c. Outputs can be evaluated on a purely financial level d. Outputs only apply to the organization as a whole
Weston, Inc., produces widgets. To manufacture a new type of widget, it took 12 iterations before the process reached a steady state of 42 hours. If Weston has a 79% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
a. 95.89 hours b. 98.50 hours c. 97.78 hours d. 95.66 hours