Sears Obtains More Than 50 Per Cent of Its Goods

question 37

Multiple Choice

Sears obtains more than 50 per cent of its goods from companies that it partly or wholly owns. This would be an example of a(n) :

• A) administered VMN/VMS.
• B) global VMN/VMS.
• C) corporate VMN/VMS.
• D) power based VMN/VMS.
• E) contractual VMN/VMS.

---

Definitions:

Small Businesses

Enterprises with a small number of employees, limited revenue, and typically privately owned, operating with local focus.

Clayton Act

A U.S. antitrust law enacted in 1914, aiming to prevent anticompetitive practices in their incipiency, including monopolies and anti-competitive mergers.

Competition

The rivalry among businesses to attract customers, increase sales, and achieve a higher market share.

Federal Trade Commission Act

A United States federal law established in 1914 to promote consumer protection and eliminate and prevent anticompetitive business practices.