When Competitors Agree Not to Deal with a Supplier,customer,or Another

question 31

Multiple Choice

When competitors agree not to deal with a supplier,customer,or another competitor,it is referred to as a _____.

• A)price differential
• B)parallel conduct
• C)tying arrangement
• D)horizontal group boycott

---

Definitions:

Decision-Making

The method of selecting options through recognizing a decision, collecting data, and evaluating different solutions.

Representativeness Heuristic

Bases a decision on similarities between the situation at hand and stereotypes of similar occurrences.

Stereotypes

Oversimplified and generalized beliefs about a group of people that often do not reflect reality.

Programmed Decisions

Decisions that are made following established guidelines or procedures, typically for routine and recurring situations.