In what way does the government regulate pricing?
What will be an ideal response?
The most important pieces of federal legislation affecting prices are the Sherman, Clayton, and Robinson-Patman acts, initially adopted to curb the formation of monopolies and to regulate business practices that might unfairly restrain trade. Because these statutes can be applied only to interstate commerce, many states have adopted similar provisions for companies that operate locally. Examples include pricing within channel levels and pricing across channel levels.
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Discuss what questions you should ask yourself when deciding how you should use visual aids.
What will be an ideal response?
According to Kidger and Allen (2006), the cultural view held in some ‘Eastern’ nations, such as Japan, which stresses harmony with nature, is reflected in which of the following characteristics of the employment relationship in such cultures:
a. mutual obligation between colleagues b. conflict between managers and workers c. partnership between strong trade unions and management d. high levels of risk-taking
After a series of devasting storms, many states reevaluated the structures built along their coastal areas to determine whether they met building codes, as well as what repairs and new reinforcements were needed to help buildings withstand damage from future storms. Construction companies had to pull together a materials list and provide various suppliers with
A. determinant products. B. initiator instructions. C. product specifications. D. request for proposals. E. focal alternatives.
If used on an ongoing basis, _____________ can reduce the price for customers who would buy at the regular price and may also cheapen a product's image.
A. cents-off offers B. rebates C. money refunds D. premiums E. consumer sweepstakes