Why Was the Sherman Antitrust Act of 1890 Passed

question 61

Multiple Choice

Why was the Sherman Antitrust Act of 1890 passed?

• A) to outlaw combinations, which restrained trade and commerce, and to encourage competition among businesses
• B) to outlaw trusts and discourage competition
• C) to provide a restraint on trade and commerce
• D) to provide more rights for unions

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Definitions:

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, often identified as product, price, place, and promotion.

Global Marketing

The process of planning and conducting transactions across national borders to create exchanges that satisfy the objectives of individuals and organizations on a global scale.

Marketing Concept

A business philosophy suggesting that satisfying customer needs and wants is the key to achieving organizational goals.

Sales Orientation

A business approach focused on selling as many products as possible without necessarily considering customer needs and wants.