A Good Example of an Industry That Has a Lot

question 5

Multiple Choice

A good example of an industry that has a lot of growth companies in it is the:

• A)automobile industry.
• B)biotechnology industry.
• C)food and beverage industry.
• D)consumer products industry.

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Definitions:

Antitrust Amendments

Modifications made to laws that regulate competition among businesses, intended to prevent monopolies and promote fair competition.

Retailer

A business or person that sells goods directly to consumers, acting as the final link in the distribution chain from manufacturers to end users.

Robinson-Patman Act

A federal law in the United States that bans practices by producers that hinder competition, particularly discriminating in pricing.

Functional Discount

A price reduction offered to channel members who perform certain functions such as selling, storing, and record-keeping.