Explain the types of activities that are considered to be horizontal restraints of trade
What will be an ideal response?
Three types of activities are considered horizontal restraints: horizontal price-fixing, horizontal divisions of markets, and horizontal boycotts. Horizontal price-fixing is the collusion between two or more competitors to set prices for a product or service, directly or indirectly. Horizontal division of markets is the collusion between two or more competitors to divide markets, customers, or product lines among themselves. A horizontal boycott is a concerted refusal by a trade association to deal with members that do not follow the association's regulations.
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Which of the following is a disadvantage of licensing?
A) The licensing company gains entry into a foreign market at a high risk. B) It takes a lot of time for the licensee to gain production expertise and name. C) Licensing is a complex way for a manufacturer to enter international marketing. D) The licensor potentially creates a competitor in the form of the licensee. E) The licensee is restricted from gaining knowledge about the licensor's intellectual property.
All of the following are elements of a properly executed interview EXCEPT ________
A) exhibiting confidence B) using the phrase "no comment" C) keeping answers short and to the point D) connecting with the interviewer on a personal level E) using verbal signposts like "this is an important point"