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It is called "price collusion" and it is a criminal offence for companies to do this - they are rigging the market.
An agreement between different companies to charge the same amount for a product or service is known as "price-fixing" whereby rival companies agree not to sell goods below a certain price.
Imports are items that you buy from other countries. Many times the products are much more expensive because that is either there first bargain or the products are unavalible in that country. Exports are items you sell to one country to another. This system is usually one through trade agreements such as NAFTA [North American Free Trade Agreement.] NAFTA is the trade agreement for Canada, USA, and Mexico. This agreement helps reduce the amount taxes or tariffs on these items.
In economics, efficiency and productivity relate to the making of products, both goods and services. Productivity represents the amount of output compared to the effort put into the production of that good. Efficiency on the hand means the amount of time spent in doing the same thing.
Tariffs are taxes, or the amount of money a country needs to pay for trading products. Quotas are the limitations on what is traded, how much is traded, how much is paid for each product traded,and where its traded. Tariffs are more beneficial to a country's economy because the amount of money paid for their products raises their country's GDP. Quotas aren't because they put limits on how much is paid, and that is what makes GDPs neutral.
Price-fixing
Price Fixng or Cartel.
An agreement between different companies to charge the same amount for a product or service is known as "price-fixing" whereby rival companies agree not to sell goods below a certain price.
It is called "price collusion" and it is a criminal offence for companies to do this - they are rigging the market.
Franchisee is an agreement between two parties of endorsing a right to use or sell of products, services of other party. Royalty is the amount of income which will get by other party, who transferred the right to use or sell products, services through Franchisee agreement. Thank You, Naresh Peddineni Chartered Accountant.
Memorandum of Agreement
An agreement between different companies to charge the same amount for a product or service is known as "price-fixing" whereby rival companies agree not to sell goods below a certain price.
Get StartedA Debt Settlement Agreement can be used to define settlement terms between businesses or individuals. The Debt Settlement Agreement defines the original amount owed, the final amount to be paid as agreed by all parties, and the last date for payment to be made. Optional sections in this agreement cover liability and confidentiality as well.
Price fixing (it is illegal).
BPA in a business sense stands for Blanket Purchase Agreement. This agreement is between a company and the government. It will allow several purchases within a certain amount of time.
The rental amount would remain fixed for the whole tenure of a lease agreement. Where as in a rental agreemnt the terms and conditions may change after a cetain tenure.
The biggest difference between an overdraft facility and a revolving loan is that a bank is required to make the revolving loan. An overdraft facility is only an agreement between the bank and the customer that fulfills requests that are no more than a certain amount. The revolving loan is also up to an agreed maximum amount, but only if the borrower agrees to the terms in their agreement.