Univ Airlines and MiragoAirlines are two competing airlines. They make an agreement to charge customers a certain price for airfreight. This leads to the filing of several lawsuits against them by other airlines
In this scenario, the two firms most likely indulged in _____.
a. penetration pricing
b. price skimming
c. price fixing
d. odd-even pricing
ANSWER: c
The two firms most likely indulged inprice fixing. Price fixing is an agreement between two or more firms on the price they will charge for a product.
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Which of the following is an offensive strategic market plan?
A) a protect position strategy B) an optimize position strategy C) a monetize strategy D) a new market entry strategy E) a divest strategy
Exhibit 13-2 On January 1, 2017, the Clutz Company purchased 30% of the 1,000,000 shares of Nancy's common stock for $15,000,000 when 30% of Nancy's net assets totaled $12,000,000. The excess of purchase price over the underlying assets was attributable to undervalued depreciable plant assets with a remaining useful life of ten years. Nancy reported net income of $8,000,000 and paid cash
dividends of $2,000,000 during 2017. ? Refer to Exhibit 13-2. What should the income reported by Clutz during 2017 from its investment in the Nancy Company be? A) $ 600,000 B) $2,100,000 C) $2,400,000 D) $2,900,000
The business market is essentially the same market as the consumer market
Indicate whether the statement is true or false
An instrument is not defective simply because it is overdue.
Answer the following statement true (T) or false (F)