BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Exclusionary provisions
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Price fixing
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Changing production trends
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Exclusive Dealing
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Detailed explanation-1: -The Competition and Consumer Act 2010 (CCA) is a national law that governs how businesses must deal with suppliers, competitors and customers, and covers aspects of business such as advertising and price setting. It applies to all businesses – both streetfront and online operations.
Detailed explanation-2: -The Competition and Consumer Act 2010 Broadly, it covers: product safety and labelling. unfair market practices. price monitoring.
Detailed explanation-3: -An anti-competitive practice is an action conducted by one or more businesses to make it difficult or impossible for other companies to enter or succeed in their market.
Detailed explanation-4: -Anticompetitive practices include activities like price fixing, group boycotts, and exclusionary exclusive dealing contracts or trade association rules, and are generally grouped into two types: agreements between competitors, also referred to as horizontal conduct.