Examlex
What promotes the formation of the numerous small ice crystal nuclei necessary for a smooth, velvety texture?
Price Fixing
The practice of colluding with other firms to control prices.
Marketing Channel
The paths or routes that products and services take from the time they are produced until they are purchased by consumers, including intermediaries such as distributors and retailers.
Horizontal Price Fixing
Occurs when competitors that produce and sell competing products collude, or work together, to control prices, effectively taking price out of the decision process for consumers.
Experience Curve Effect
Refers to the drop in unit cost as the accumulated volume sold increases; as sales continue to grow, the costs continue to drop, allowing even further reductions in the price.
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