Examlex
In preparing the direct labor budget, the average wage rate is used to calculate total direct labor cost.
Per Se Violation
An action that is inherently illegal, regardless of intent or the circumstances surrounding the action.
Market Division
An anti-competitive agreement in which competing companies divide markets among themselves, specifying which customers or territories each will serve.
Exclusive-Dealing Contract
An agreement under which a seller forbids a buyer to purchase products from the seller’s competitors.
Substantially Lessen Competition
A legal standard used in antitrust law to evaluate the potential anticompetitive effects of mergers, acquisitions, or other business practices.
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