Midwest Agri-Products Corporation offers to sell its sugar substitute to Nice Candies, Inc., only if Nice Candies agrees to buy

Question

3 years ago

5

Midwest Agri-Products Corporation offers to sell its sugar substitute to Nice Candies, Inc., only if Nice Candies agrees to buy

all the corn it needs from Midwest Agri-Products, even though there are other corn sellers from whom Nice Candies could buy. This is ______

Business

1 answer:

elixir [45] · Answer 1 · 2022-01-31T04:29:17+03:00

Answer:

a tying arrangement

Explanation:

Based on the information provided within the question it can be said that this scenario is illustrating a tying arrangement. This term refers to when a supplier/individual sells a product to another company/individual only on the condition that they purchase another specific product from them and not the competition. Which is what Midwest Agri is doing by selling it's sugar substitiute to Nice Candies but only if they agree to purchase the corn that they need from them and not their competitors.

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