Match the Term with Its Definition

question 63

Multiple Choice

Match the term with its definition.
-The system of relationships established to guide the movement of a product

• A)channel of distribution
• B)copyright
• C)patent
• D)product
• E)product item
• F)product life cycle
• G)product line
• H)product mix
• I)product mix consistency
• J)product strategy
• K)sustainable competitive advantage

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Definitions:

Federal Trade Commission Act

The federal law of 1914 that established the Federal Trade Commission.

Alcoa Case

A 1945 case in which the courts ruled that the possession of monopoly power, no matter how reasonably that power had been used, was a violation of the antitrust laws; temporarily overturned the rule of reason applied in the U.S. Steel case.

Structuralist Approach

A methodology in economics and social sciences that focuses on understanding the underlying structures that shape economic outcomes.

Treble Damages

A legal remedy that allows a court to triple the amount of the actual or compensatory damages awarded to the plaintiff, often used in antitrust and patent infringement cases.