The Act Which Prohibited Selling Products at Unreasonably Low Prices

question 60

Multiple Choice

The Act which prohibited selling products at unreasonably low prices was the

• A) Sherman Act.
• B) Clayton Act.
• C) Robinson-Patman Act.
• D) Celler-Kefauver Act.

---

Definitions:

Cost of Goods Sold

An accounting term referring to the direct costs attributable to the production of the goods sold in a company.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the financial performance of a company's core business activities.

Tracking Inventory

The process of monitoring the quantity, location, and status of products available within a business to manage supply levels efficiently.

Merchandising Company

A business that purchases finished products and sells them to consumers without altering the form of the goods.