1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kamila [148]
3 years ago
8

The government challenged the acquisition by Procter & Gamble (P&G) of Clorox. Clorox was the leading manufacturer of li

quid bleach at the time of the acquisition, Page 504accounting for 48% of the national sales. It was the only firm selling nationally, and the top two firms accounted for 65% of national sales. P&G is a large, diversified manufacturer of household products, with its primary activity being in the area of soaps, detergents, and cleaners. P&G accounted for 54% of all packaged detergent sales, and the top three firms accounted for 50% of the market. P&G is among the nation’s leading advertisers. What is the basis for the government’s challenge to this acquisition? Explain.
Business
2 answers:
STatiana [176]3 years ago
4 0

Answer:

The basis for the government’s challenge to this acquisition is the reliance on the horizontal merger. If the acquisition is approved, it would dissuade new entrants, discourage active competition from firms already in the industry due to fear of retaliation from Procter and decrease nationwide competition significantly in the liquid bleach field.

Explanation:

According to the case FTC v. Procter & Gamble Co., 386 U.S. 568 (1967), Federal Trade Commission (FTC) held the acquisition violative of § 7 of the Clayton Act.

Phoenix [80]3 years ago
3 0

Answer:

Answer: The basis for the government's challenge to P&G's acquisition of Clorox

Explanation:

The horizontal merger is the basis for the government's challenge to P&G's acquisition of Clorox because the result would have lessened competition substantially in that line of commerce nationwide. P&G being the leading and mainly national advertiser and also mainly national seller of soaps, detergents and cleaners with sales that accounted for 54 % of the market and a  leading brand with 48% of national sales.

With this type of advertising and power control which P&G possess, this would put P&G in a position to control the market and potentially detrimentally affect the consumers. These advantages they posses would reduce the number of competitors and lead to greater concentration in the industry they are.

You might be interested in
Procter & Gamble is a consumer products company. It launches many new products every year. The team for each new product mus
Aloiza [94]

Answer:

C. Matrix Organisation.

Explanation:

This is an organisation or work pattern where one/employee reports to more than one boss. It is used mainly in the management of large projects or product development processes, drawing employees from different functional disciplines for assignment to a team without removing them from their respective positions.

Employees in a matrix organization report on day-to-day performance to the project or product manager whose authority flows sideways (horizontally) across departmental boundaries.

4 0
4 years ago
Read 2 more answers
Vasudevan Inc. recently reported operating income of $2.90 million, depreciation of $1.20 million, and had a tax rate of 40%. Th
babymother [125]

Answer:

2.34 million

Explanation:

Vasudevan incorporation reported an operating income of $2.90 million

The depreciation is $1.20 million

The tax rate is 40%

= 40/100

= 0.4

The firm's expenditure on fixed assets and net operating working capital is $0.6 million

Therefore, the free cash flow can be calculated as follows

Free cash flow= operating profit-tax+depreciation-expenditure

= 2.90-(2.90×0.4)+1.20-0.6

= 2.90-1.16+1.20-0.6

= 2.34

Hence the free cash flow is 2.34 million

4 0
3 years ago
Miller Company has the following account balances, extracted from its multiple-step income statement for the current year.
Maksim231197 [3]

Answer:

Net Sales = $100,100

Sales Return and allowances = $4,500

Net income = $33,700

Explanation:

Cost of goods sold 48,200

Gross Profit 51,900

Net Sales 100100

Sales Return and allowances = Sales - Net sales- Sales discounts = 107800-100100-3200 = 4500

Selling Expenses = Total operating expenses - General and Administrative Expenses = 18200 - 10400 = 7800

Net income = Gross profit - Total operating expenses

=51900-18200

= 33700

4 0
4 years ago
Which of the following was the result on appeal in the Case Opener, the case in which Sara Creek Property Company argued that an
pychu [463]

Answer: The correct answer is "(E) That an injunction, rather than damages, was the appropriate remedy.".

Explanation:  An injunction rather than damages was the appropriate remedy since in that case, the result was that the court ended up ruling that a precautionary measure would be the most appropriate because determining the adequate calculation of damages would be too difficult.

5 0
4 years ago
Read 2 more answers
It is Micah's role at the company to plan, organize, and control the functions within the human resource department. Based on th
Nookie1986 [14]

Answer:

management

Explanation:

Management comprises planning, organizing, staffing, leading /directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. In for-profit work, the primary function of management is meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners.Management is the act of engaging with an organization’s human talent and using the physical resources at a manager’s disposal to accomplish desired goals and objectives efficiently and effectively. Management comprises planning, organizing, staffing, leading, directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Management operates through various functions, often classified as planning, organizing, staffing, leading/directing, controlling/monitoring, and motivating. The organizing function creates the pattern of relationships among workers and makes optimal use of resources to enable the accomplishment of business plans and objectives.

4 0
3 years ago
Other questions:
  • Bonnie and james are retired. they wish to continue to invest in their portfolio and are seeking income instead of growth. which
    11·1 answer
  • At the end of 2011, retained earnings for the bisk company was $3,050. revenue earned by the company in 2011 was $1,935, expense
    7·1 answer
  • When a married couple's tax liability is smaller using the married filing jointly status than it would have been if both individ
    11·1 answer
  • All of the following are examples of automatic stabilizers except :
    10·1 answer
  • Abby consumes only apples. In year1, red apples cost $1 each, green apples cost $2 each, and Abby buys 10 red apples. In year 2,
    10·1 answer
  • The data set below shows annual healthcare expenditures for 192 countries. Create a histogram of the data using the bins provide
    13·1 answer
  • ​Macy's (the department store​ chain) classifies its clothing held for sale as A. raw materials inventory. B. finished goods inv
    15·1 answer
  • recommend ways in which business can contribute some an effort to advance the well-being of others in business context in improv
    14·1 answer
  • The balance in the prepaid insurance account, before adjustment at the end of the year, is $18,630. The year end is March 31.
    12·1 answer
  • A company offering a back-to-school special on manicure/pedicure package is an example of them selling a/an:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!