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Briefly discuss the K&N process management framework.
Cartels
Formal agreements among competing firms to control prices, production, and distribution of goods, often to restrict competition and increase profits illegally.
Collusive Arrangements
Agreements between firms to control prices or exclude entry of a new competitor in the market, often in violation of antitrust laws.
Secret Price Concessions
Unadvertised discounts or reductions in price offered to buyers, often as part of negotiation processes in sales transactions.
OPEC
The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of oil-exporting countries aimed at coordinating and unifying petroleum policies to secure fair and stable prices for petroleum producers.
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