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What do you call an agreement made between differentcompanies to charge the same amount for products?
An agreement made between different companies to charge the same amount for products is called price fixing. This practice is illegal in many jurisdictions because it restricts competition and leads to higher prices for consumers. Price fixing is considered a form of collusion and can result in severe penalties for the companies involved.
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What do you call an agreement made between companies to charge the same amount for products?
It is called "price collusion" and it is a criminal offence for companies to do this - they are rigging the market.
What do you call an agreement made between different companies to the same amount for product?
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.
What are facts about import and export?
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.
Difference between efficiency and productivity?
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.
What is the difference between tariff and quota?
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.
What is an agreement made between different companies to charge the same amount for products?
Price Fixng or Cartel.
What do you call an agreement made between companies to charge the same amount for products?
It is called "price collusion" and it is a criminal offence for companies to do this - they are rigging the market.
What do you call an agreement made between differnet companies to charge the same amount for products?
An agreement made between different companies to charge the same amount for products is called price-fixing. This practice is illegal in many jurisdictions because it restricts competition and can lead to higher prices for consumers. Price-fixing undermines the principles of a free market and is often prosecuted as antitrust behavior.
What is the difference between franchise and royalty?
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.
Which term defines a document that defines general areas of responsibility and agreement between two major commands that stipulates an amount of reimbursable cost?
Memorandum Of Agreement
What do you call an agreement made between different companies to charge the same amount amount for products?
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.
What do you call an agreement between different companies to charge the same amount for products?
This is called price-fixing, which is illegal as it reduces competition and can harm consumers by limiting choices and potentially leading to inflated prices.
What do you call an agreement made between different companies to the same amount for product?
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.
Debt Settlement Agreement?
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.
What is the meaning of the acronym BPA?
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.
What do you call an agreement made between different companies to charge the same amount for a product?
Price fixing (it is illegal).
What is the difference between a lease agreement and a business contract?
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.
