The Role That Was Once Performed by Price Surveillance Authority

question 9

Multiple Choice

The role that was once performed by Price Surveillance Authority ('PSA') is now undertaken by the Australian Competition and Consumer Commission ('ACCC') .That role is:

• A)To monitor corporations.
• B)To reduce competition in the marketplace to ensure that consumers get the best prices.
• C)To monitor prices in areas where competition is not effective to protect consumers and ensure efficient prices
• D)To promote mergers, acquisitions and monopolies in the marketplace and ensure that all businesses are treated equitably.

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Definitions:

Non-Working Spend

Pertains to marketing expenses not directly associated with the creation or production of advertising content, such as research or agency fees.

Maintained Social Capital

The preservation and nurturing of valuable social networks and relationships over time to benefit from mutual support and resources.

Latent Ties

Latent ties refer to potential social connections that are not currently active but can be activated when necessary, representing untapped social resources.