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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Answer:
The correct answer is: An example of businesses taking advantage of inconsistencies in consumer decision-making is credit card companies not allowing stores to charge a fee to consumers if they pay with a credit card but allowing stores to provide a discount to consumers if they pay in cash
Explanation:
The purchase decision process is the decision-making process used by consumers regarding market transactions before, during and after the purchase of a good or service. It can be seen as a particular form of a cost-benefit analysis in the presence of multiple alternatives.
Answer:
Value Analysis
Explanation:
A process that involves examining all elements of a component, assembly, endproduct, or service to make sure it fulfills its intended function at the lowest total cost is value analysis.
Value analysis or Value re-engineering can be defined as the systematic and critical assessment by an organization of every feature of a product to ensure that its cost is no greater than is necessary to carry out its functions.
Furthermore, value analysis is intended to improve the "value" of goods or products and services by evaluating function in relation to cost.
Answer:
marginal product of labor = 5 widgets per hour
Explanation:
In order to maximize profits, the firm must produce the output quantity where marginal revenue = marginal cost. In this case, the marginal revenue is $2, so the marginal cost must also be $2.
If hiring the last widget maker costs $10 per hour, and the marginal cost per widget is $2, then the worker must be able to produce 5 widgets.
