A Hotel Management Institute Develops a Training Program for Students

question 77

Multiple Choice

A hotel management institute develops a training program for students.The fee for the training program is $1,000.The institute offers to share the training program with other colleges.One of the terms of the contract is that the colleges will not offer the program to their students for less than $1,000.This is an example of:

• A)price fixing.
• B)price discrimination.
• C)predatory pricing.
• D)referral selling.
• E)resale price maintenance.

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Definitions:

Ethylene Glycol

A colorless, sweet-tasting organic compound used mainly as an automotive antifreeze and in the production of polyester fibers.

Carbon Atoms

The fundamental building blocks of all organic molecules, characterized by their ability to form up to four chemical bonds with other atoms, including other carbon atoms.

Methamphetamine

A powerful, highly addictive stimulant that affects the central nervous system, known for its use as a recreational drug as well as in the treatment of ADHD.

Illegal Drug

Substances whose production, sale, or possession is prohibited by law due to their potential for abuse or harm.