The Use of "Most-Favored-Customer" Clauses Is an Example of

question 32

Multiple Choice

The use of "most-favored-customer" clauses is an example of

• A)incenting members to maintain the cartel, because if they lower the price for one customer, they have to lower it for previous customers as well.
• B)incenting members to maintain the cartel, because if they raise the price for one customer, they have to raise it for previous customers as well.
• C)giving customers special perks for purchasing goods from members of the cartel.
• D)selling higher quality goods and services to favorite customers.

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Definitions:

Restoring Equity

The process of ensuring fairness and balance in the distribution of resources and opportunities.

Adams's Theory

Relates to the equity theory of motivation, suggesting that employees are motivated to maintain equity between inputs and outcomes in their job and workplace.

Expectancy Theory

A theory of motivation suggesting that individuals are motivated to act based on the expected outcome of their actions and the value they place on those outcomes.

Motivational Problems

Issues or barriers that negatively affect an individual's enthusiasm, energy, or willingness to continue with a task.