Which of the Following Is Least Likely to Be Price

question 11

Multiple Choice

Which of the following is least likely to be price fixing in breach of CCA Part IV?

• A)Competing petrol stations increase their petrol prices to the same amount at exactly the same time.
• B)Competing supermarkets discount their bread at the same time every day.
• C)Competing car rental companies simultaneously stop offering certain discounts.
• D)Competing surf shops agree to only discount their surfboard rental fees at certain times of day.

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the sum of its fair value of identifiable assets and liabilities, representing items like reputation or brand value.

Franchisor

The parent company that develops a product or business process and sells the rights to franchisees.

Business Process

A series of steps performed by a group of stakeholders to achieve a concrete goal, typically involving defining, measuring, analyzing, improving, and controlling processes.

Business-Format Franchising

A type of franchising in which the franchisee adopts the franchisor’s entire method of operation.