A detailed explanation of cash discounts, including their benefits, types, historical context, importance, and examples in various industries.
An arrangement where a supplier prohibits its customers from buying from other suppliers, restricting competition.
The Federal Trade Commission (FTC) is a U.S. federal agency tasked with the mission of maintaining competition and protecting consumers. It prevents anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education.
Refusal by producers to sell their goods to all applicants, potentially inhibiting competition between distributors. Reasons for refusal can include maintaining product prestige, ensuring proper distribution conditions, and exclusivity agreements.
The term 'Baker's Dozen' refers to the practice of bakers giving thirteen items when a dozen is ordered, providing an extra for good measure to avoid penalties for short weight.
Comprehensive guide to the body of law that concerns the rights and obligations of persons in their commercial dealings, including the Uniform Commercial Code (UCC) and laws prohibiting unfair trade practices.
An in-depth exploration of reciprocal buying, a common practice in which a seller purchases goods or services from one of their customers.
A comprehensive analysis of reverse imports, a term referring to products manufactured by a multinational corporation's overseas units and imported back to the company's home country.
In-depth exploration of antitrust laws, their function, and major examples across various industries including manufacturing, transportation, and marketing.
