Examlex
Choose the INCORRECT statement.
Market Division
An illegal agreement between competitors to split a market into sections where each party restricts its operations to certain geographic areas or customer segments, to reduce competition.
Heavy Equipment
Refers to large and heavy-duty vehicles designed for construction tasks, most notably earthwork operations.
Wholesale Distributor
A business entity that purchases goods in large quantities from manufacturers and sells them in smaller quantities to retailers or other distributors.
Territorial Restriction
A limit imposed on the area or region where a product or service can be sold or provided.
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