Price fixing is often difficult to prove, as such agreements are made in secret. This is a major concern for governments. Price-fixing discussions typically happen during a private meeting or phone call to prevent a paper trail. Price-fixing agreements are typically uncovered by evidence from ins...
Define price-fixing. price-fixing synonyms, price-fixing pronunciation, price-fixing translation, English dictionary definition of price-fixing. n 1. the setting of prices by agreement among producers and distributors 2. another name for price control, r
Define Pricefixing. Pricefixing synonyms, Pricefixing pronunciation, Pricefixing translation, English dictionary definition of Pricefixing. n. 1. The setting of artificially high prices for goods or services by unlawful agreement of competing companies.
The meaning of VERTICAL PRICE-FIXING is an illegal arrangement in which parties at different levels of a system of production and distribution act to fix the market price of goods; especially : resale price maintenance.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson price the money value of a unit of aGOOD,SERVICE,ASSETorFACTOR INPUT. In some markets (for example, seePERFECT COMPETITION), price will be determined entirely ...
Price fixing is a way of artificially manipulating the price of a good or service. Price fixing is illegal in most circumstances. An example of price... Learn more about this topic: Business Law Definition, Types & Examples from Chapter 1/ Lesson 2 ...
The meaning of HORIZONTAL PRICE-FIXING is a generally illegal arrangement among competitors to charge the same price for an item.
Price fixing is a serious anti-competitive practice that undermines market efficiency and harms consumers. Understanding its implications and adopting preventive measures is crucial for businesses to operate ethically and legally. For further exploration, consider related topics such as antitrust laws, mar...
What does price fixing involve? What is a "strategic trade policy?" What is a role of communication in negotiation? What are the elements of a working Business Plan? Negotiation that is transformational is defined as what? In business management, what is controlling?
Define Price wars. Price wars synonyms, Price wars pronunciation, Price wars translation, English dictionary definition of Price wars. n. A period of intense competition among businesses in which each competitor tries to cut retail prices below those of