What Are the Possible Implications of Being Convicted Under the Competition

question 4

Multiple Choice

What are the possible implications of being convicted under the Competition Act of price fixing?

• A) up to two years' imprisonment and/or a fine of $100 000
• B) up to 10 years' imprisonment and/or a fine of $1 million
• C) up to 14 years' imprisonment and/or a fine of $25 million
• D) a stop order issued by the court

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Definitions:

Entrepreneurial Hobby

An activity or interest pursued outside one's regular occupation that involves creating or managing ventures with a growth and profit potential.

B2B

Business-to-business, a type of transaction between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and retailer.

Small Business Sector

The segment of the economy composed of independently owned companies that have fewer employees and lower revenue than larger corporations.

Traditional Distributor

A business that purchases products from manufacturers and sells them to retailers or end consumers, typically without significant alteration.