Using Examples,discuss Equity Theory and Explain How a Manager Might

question 4

Essay

Using examples,discuss equity theory and explain how a manager might apply it in the workplace.

---

Definitions:

Sherman Act

A landmark federal statute passed in 1890 aimed at promoting competition among businesses by prohibiting monopolies and other activities that restrained trade.

Clayton Act

A U.S. law enacted in 1914 aimed at promoting competition by preventing mergers and acquisitions that could significantly reduce market competition.

Tying Contracts

Agreements where the seller conditions the sale of one product on the purchase of another product.

Price Discrimination

The strategy of selling the same product at different prices to different segments of consumers.