A. range-line pricing B. manufacturer managed accounts C. regional rollbacks D. delayed payment penalties E. price fixing 14-76
Chapter 14 - Arriving at the Final Price 261. Which of the following statements about the legal and regulatory aspect of pricing is most accurate? A. The Robinson-Patman Act deals with predatory pricing. B. The Consumer Goods Pricing Act is the only federal legislation that deals directly with pricing issues. C. The Sherman Act deals only with vertical price fixing. D. The Federal Trade Commission Act deals with predatory pricing, deceptive pricing, and geographical pricing issues. E. The Consumer Goods Pricing Act and the Robinson-Patman Act deal with price discrimination. 262. A conspiracy among firms to set prices for a product is referred to as A. price discrimination. B. price fixing. C. predatory pricing. D. tying arrangements. E. exclusive dealing. 263. Price fixing refers to A. an arrangement a manufacturer makes with a reseller to handle only its products and not those of a competitor. B. the practice of charging a very low price for a product with the intent of driving competitors out of business. C. the practice of charging different prices to different buyers for goods of like grade and quality. D. a conspiracy among firms to set prices for a product. E. a seller's requirement that the purchaser of one product also buy another product in the line. 264. Price fixing is illegal per se under the Sherman Act. "Per se" means A. according to B. in lieu of C. in regard to D. in and of itself E. with exception 14-77
Chapter 14 - Arriving at the Final Price 265. Two or more competitors explicitly or implicitly setting prices is referred to as __________. A. competitive collusion B. vertical price fixing C. horizontal price fixing D. subversive competition E. price alignment 266. Mark Johnson, the manager of a discount consumer electronics store, has been approached by the manufacturer of a popular and profitable line of compact disk storage racks regarding the retail price charged for the racks at Johnson's store. The manufacturer's representative has implied that if Johnson doesn't raise the retail prices for the storage racks to those charged by the manufacturer's non-discount customers, Johnson's supply of racks may be severely curtailed. The manufacturer is guilty of attempting A. horizontal price-fixing. B. resale price maintenance. C. price discrimination. D. predatory pricing. E. bait and switch pricing. 267. Controlling agreements between independent buyers and sellers whereby sellers are required to not sell products below a minimum retail price are referred to as A. horizontal price fixing. B. vertical price fixing. C. competitive price fixing. D. independent price fixing. E. explicit price fixing. 268. Vertical price fixing refers to A. two or more competitors explicitly or implicitly setting prices.
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