Examlex
A _____ is a relatively homogeneous group of customers who will respond to a marketing mix in a similar way.
Bid-rigging
An illegal agreement between parties to fix the outcome of a bidding process to benefit themselves at the expense of others.
Cartels
Formal agreements among competing firms to control prices or output in a particular market, often to monopolize a market.
Auctions
A sales event where goods or services are sold to the highest bidder in a competitive process.
Bid-rigging
A form of fraud where competing parties conspire to determine the winner of a bidding process, undermining fairness.
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