COMMERCE 2FA3 Final: Past Exam Questions
18 Apr 2014
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Multiple choice: what does the exchange value of a product define? its worth its price its value its funds a b c d a b c d. It assists foreign businesses that want to enter the canadian marketplace. It prevents businesses from earning excess profits; that is, more than the average for an industry. It tries to balance the interests of businesses and consumers. It focuses on the protection of canada"s natural resources. Ref: 534: a company has demonstrated that their price discounts and promotional allowances do not bid rigging predatory pricing restrict competition. What is the term for the pricing-related practice defended? a b c d price discrimination price fixing. Ref: 534: what is it called when sellers get together and collude to set prices with respect to one or more price fixing requests for competitive proposals? a b bid rigging. Chapter 16 pricing concepts and strategies misleading price representation c d.
