Refusal to deal allows producers the right to choose or reject the channel member with which they will do business.
Producers have the right to choose or reject the channel members with which they will do business; Suppliers may not legally refuse to deal with wholesalers or dealers merely because these wholesalers or dealers resist policies that are anticompetitive or in restraint of trade
<h3><u>What is refusal to deal ?</u></h3>
In general, every company can select its commercial partners, including monopolists. A company with market strength, however, can be restricted in this flexibility under some situations. Focus is placed on how the refusal to deal aids the monopolist in maintaining its monopoly or permits the monopolist to use its monopoly in one market to attempt to monopolize another market as courts work to define those rare instances in which a firm with market power may violate antitrust law by refusing to do business with other firms.
Sometimes the refusal to do business is with clients or suppliers, barring them from doing business with a competitor: "I refuse to do business with you if you do business with my competitor."
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If the bank notifies the company of a deposited customer check that was returned NSF, the company would have to Debit Accounts Receivable and Credit cash.
<h3>What happens when a check is returned NSF?</h3>
This means that the check did not clear and so the depositor still owes the company the amount they had written on the check.
The company would then have to debit Receivables to show that the person still owes them, and credit cash to show the cash never reported.
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The typical accounting principles/assumption includes Accrual principle, Conservatism principle., Consistency principle, Cost principle, Economic entity principle, Full disclosure principle, Going concern principle, , Matching principle etc.
<h3>What are the correct concept for each of the following activities using the drop-down list?</h3>
- Pastel Paint Company purchased land two years ago at a price of $250,000. Because the value of the assumptions and land has appreciated to $400,000, the company has valued the land at $400,000 in its most recent balance sheet. - The historical cost.
- Atwell Corporation has not prepared financial statements for external users for over three years. - The periodicity assumption.
- The Klingon Company sells farm machinery. Revenue from a large order of machinery from a new buyer was recorded the day the order was received. - The realization principle.
- Don Smith is the sole owner of a company called Hardware City. The company recently paid a $150 utility bill for Smith's personal residence and recorded a $150 expense. - Economic entity assumption.
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Answer:
Word of Mouth
Explanation:
As per the question company is enjoying its own business with the help of satisfied customers and customers are sharing their experience with the company because the Choco Central is a branded company and whoever (customer) is enjoying the brand tells their family, friends, and their relatives. So, automatically the company publicity is on top with the help of satisfied customers and providing the premium quality.
Therefore, the advertisement of the Choco Central is getting publicity from the customers through word of mouth.
Mixed<span> economy is not considered a major economic system along with free enterprise and socialism because the features of these economy are exactly the same with some of the features of free enterprise and socialism. Basically, this type of economic system is just a combination of the features of the free enterprise and socialism.</span><span> </span>
