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Why should a manager maintain equilibrium between authority and responsibility?
Competition And Consumer Act
Legislation that aims to promote fair trading and competition while protecting consumers from unfair practices in the marketplace.
Commercial Activities
Transactions and activities undertaken by businesses that are aimed at generating profit, such as sales and marketing operations.
Price-Fixing
An illegal agreement among competitors to set prices at a certain level, restricting competition and violating antitrust laws.
Penetration Pricing
A strategy where a product is priced lower than its competitors or market average to gain market share rapidly at the expense of short-term profitability.
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