All of the Following Elements Must Be Present for a Pricing

question 63

Multiple Choice

All of the following elements must be present for a pricing practice to be considered discriminatory under the Robinson-Patman Act EXCEPT:

• A) The seller must charge different prices to different customers for the same product.
• B) The seller must make two or more actual sales within a reasonably short time.
• C) The transaction must occur in interstate commerce.
• D) The products sold must not be commodities.
• E) There must be significant competitive injury.

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Definitions:

Financial Gain

The increase in monetary resources resulting from investing activities or other forms of economic enterprise.

Significant Others

Individuals who hold important places in one’s life and have significant influence, such as family members, close friends, or romantic partners.

Business Ethics

The study of appropriate business policies and practices regarding potentially controversial subjects like corporate governance, insider trading, bribery, discrimination, and corporate social responsibility.