A Unique Feature of the Robinson-Patman Act Is That It

question 361

Multiple Choice

A unique feature of the Robinson-Patman Act is that it allows for price differentials to different customers under several conditions.Which of the following practices would be permitted?

• A)Using price differentials when price differences are given on the basis of other family businesses.
• B)Using price differentials when charging different prices to different buyers for goods of like grade or quality.
• C)Using price differentials when charging different prices on the basis of religious affiliation.
• D)Using price differentials when charging the original price for refurbished goods that have been damaged or used and returned but repaired according to company specifications.
• E)When price differences result from changing market conditions,avoiding obsolescence of seasonal merchandise,including perishables,or closing out sales.

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Definitions:

Torpor

A state of decreased physiological activity in animals, usually characterized by a reduced body temperature and metabolic rate.

Estivation

A state of torpor caused by lack of food or water during periods of high temperature. Compare with hibernation.

Neuron Structure

Refers to the anatomy of a neuron which includes the cell body, dendrites, axon, and synaptic terminals.

Neuron Function

Neuron function involves the transmission of electrical and chemical signals throughout the nervous system to process and transmit information.