Operating Activities

question 131

Multiple Choice

Operating activities:

• A) Are the means organizations use to pay for resources like land, buildings and equipment.
• B) Involve using resources to research, develop, purchase, produce, distribute and market products and services.
• C) Involve acquiring and disposing of resources that a business uses to acquire and sell its products or services.
• D) Are also called asset management.
• E) Are also called strategic management.

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Definitions:

Discriminatory Price

A pricing strategy in which different customers are charged different prices for the same product or service without a justified basis.

Robinson-Patman Act

A United States federal law aimed at preventing anti-competitive practices by producers, specifically price discrimination.

Exclusive Dealing Agreement

A contract between a seller and buyer in which the buyer agrees to purchase all of a particular product from the seller, excluding competitors.

Significant Anticompetitive Effect

Actions or agreements that significantly reduce competition in a market, in violation of antitrust laws.