Many management decisions are unique and hence incompatible with strict rules, steps, or timetables

Price discrimination is legal when a ________

A) manufacturer and reseller have agreed upon a specified retail price for a product B) manufacturer sells to retailers in different markets C) seller can prove its costs are different when selling to different retailers D) seller advertises prices that are not actually available to consumers E) seller has not communicated with competitors before announcing prices

The literature emphasizes three motives for a buyout, including all of the following EXCEPT:

a. to increase access to capital markets. b. to increase managerial incentives. c. to avert a takeover. d. to realize tax-reduction benefits.