Tying Involves a Firm

question 349

Multiple Choice

Tying involves a firm

• A)colluding with another firm to restrict output and raise prices.
• B)selling two individual products together for a single price rather than selling each product individually at separate prices.
• C)temporarily cutting the price of its product to drive a competitor out of the market.
• D)requiring that the firm reselling its product do so at a specified price.

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Definitions:

Supply Chain Management

Monitoring the flow of products, information, and financial resources as they transition from the supplier through to the manufacturer, wholesaler, retailer, and eventually the consumer.

Distribution Channels

Pathways and intermediaries through which a product or service flows until it reaches the end consumer.

Supply Chains

Networks of individuals, organizations, resources, activities, and technologies involved in the production and delivery of a product or service.

Logistic Channels

Pathways or networks used for the distribution of goods from manufacturers to consumers.