What is an exclusive distribution agreement? Why do firms enter into exclusive distribution agreements with other firms?
What will be an ideal response?
Exclusive distribution agreements give a retailer or other intermediary the exclusive rights to sell a company's products. The advantage to giving out an exclusive distribution agreement is to motivate a retailer or other intermediary to make a concerted effort to sell a firm's products without having to worry about direct competition. For example, if Nokia granted AT&T the exclusive rights to sell a new type of cell phone, AT&T would be more motivated to advertise and push the phone than if many or all cell phone companies had access to the same phone.
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A) negligence per se B) assumption of risk C) comparative fault D) contributory negligence
A stochastic model represents the system over a period of time
a. True b. False