Under the Competition Act, Restrictive Trade Practices Are Prohibited in Dealings

question 47

True/False

Under the Competition Act, restrictive trade practices are prohibited in dealings between a firm and its competitors, as well as in dealings between a firm and its customers.

---

Definitions:

Just-in-Time Production

A manufacturing strategy that reduces waste by receiving goods only as they are needed in the production process.

Masculine Cultures

Cultures that value assertiveness, competitiveness, and material success.

Tight-loose Distinction

The concept indicating the level of strictness or flexibility in the social norms and rules of a society or organization.

Values

A broad tendency to prefer certain states of affairs over others.