Matching Approach and Weakness (Each Can Be Used More Than

question 54

Multiple Choice

Matching Approach and Weakness (each can be used more than once)
-________ Or put another way, "Do your homework!"

• A)Step one: gather the facts
• B)Step two: define the ethical issues
• C)Step three: identify the affected parties (the stakeholders)
• D)Step four: identify the consequences
• E)Step five: identify the obligations
• F)Step six: consider your character and integrity
• G)Step seven: think creatively about potential actions
• H)Step eight: check your gut

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Definitions:

Vertical Price Fixing

An agreement among participants on different levels of the same supply chain to control prices passed on to consumers.

Tying Arrangement

A business agreement in which the sale of one product or service is linked to the purchase of an additional product or service.

Exclusive Dealing

A sales strategy where a seller requires a buyer to purchase only its products and not those of competitors.

Vertical Price Fixing

An illegal practice where parties at different levels of the same supply chain (such as manufacturers and retailers) agree to set and maintain prices at a certain level.