the policies and procedures for competition requirements. Explain in detail Full and Open Competition, Full and Open Competition after exclusion of sources, and Other than Full and Open Competition
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FAR Part 6 provides the policies and procedures for competition requirements. Explain in detail Full and Open Competition, Full and Open Competition after exclusion of sources, and Other than Full and Open Competition.
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- The Business Roundtable met in August 2019 and came out with a recommendation that redifined the purpose of a business. Describe what the new definition is and why it matters.A narrow definition of monopoly is that a firm is a monopoly if it can ignore A) government antitrust laws. B) the pricing decisions of its suppliers. C) the pricing decisions of firms that produce complementary products. D) the actions of all other firms.Discuss different types of horizontal anti competitive agreement under competition act with industry examples.
- Discuss some of the anti-competitive practices that have been investigated by the Competition Commission of South Africa, clearly explaining the provisions of the Competition Act no 89 of 1998 that were violated.Part I: Given the cost per king-size sheet set above, and assuming the manufacturer has total fixed costs of $500,000 and estimates first year sales will be 50,000 sets, determine the price to consumers if the company desires a 40 percent margin on sales. Part II: If the company decides to sell through retailers instead of directly to consumers online, to maintain the consumer price you calculated in the previous question, at what price must it sell the product to a wholesaler who then sells it to retailers? Assume wholesalers desire a 10 percent margin and retailers get a 20 percent margin, both based on their respective selling prices.Company A uses a pricing approach where the initial price for a product is set high and then lowered, and Company B uses an approach where initial prices are set low in an effort to gain market share. What terms best describe these practices? • Company A – Predatory; Company B – Skimming • Company A – Penetration; Company B – Predatory • Company A – Skimming; Company B – Penetration • Company A – Skimming; Company B – Predatory • Company A – Predatory; Company B – Penetration
- During the last year, ABC Company and XYZ Company have been battling each other for market share in the greater Detroit marketing area. Competition has included stepped up advertising and larger than usual product discounts to attract customers. ABC Company recently filed a case in federal court alleging violations of federal antitrust laws by XYZ Company. As proof of predatory pricing activities by XYZ, ABC shows the court that XYZ has experienced average monthly losses in its Detroit area sales region of $100,000 for each of the last six months. During a similar period the previous year, XYZ had monthly average regional profits of $60,000. This data shows that: A. XYZ Company was clearly engaged in predatory pricing activities. B. XYZ Company clearly went from a profit to a loss position in the Detroit sales region. C. ABC Company must have experienced similar profit problems. D. XYZ Company's sales volume must…1. What risk can a business face due to a supplier and explain the foloowing risk control steps that a business can put in place regarding its supplier and provide examples: Identify key suppliers of goods, services Identify key markets Investigate alternative suppliers and markets Assess the vulnerability of the supplier and market to loss of assets Assess the ability of the key supplier and market to recover from loss or damage to their assets. 2. Discuss administrative costs. Provide a practical example to explain administrative costs: Clerical costs in the handling of insurance matters The cost of handling self-insured losses The cost of reporting and investigating loss occurrences The cost of an in-house risk management department The cost of a risk management broker 3. Apply the fundamental concepts included in the definition of enterprise risk management (ERM) to a business of your choosing.The Competition Bureau in Canada has the responsibility to protect consumers and businesses from anti-competitive activity. In the context of Canada’s highly concentrated retail industry, provide details of three instances in which the Competition Bureau has acted to minimize anti-competitive behaviours within the Canadian retail industry.
- Within the BCG matrix, products that earn the dog label have limited market potential for the firm and also only hold a small relative market share. Products identified as dogs within this framework are typicallyobvious candidates for divestment, but are there anycases where doing so would not be wise for an organization? That is, why would a firm want to hold onto a dog?. Chapter 9 further discusses brand equity and brand leverage. Xerox has strong brand equity because it has been a well-known and established brand for many years.a. According to the chapter, successful brand leverage requires that the original brand have a strong positive image and that the new product fit with the original product on at least one of what four dimensions? b. Which of these four dimensions does the business services solutions “product” fit with the original Xerox brand?The pain reliever medicine, Analgesia-T manufactured by CPC Company is a well-known analgesic that provides relief from pain and serves as a palliative to people worldwide. However, in the 1980s, several persons died after taking capsules of the well-known medicine. It was found out, that the medicines contained cyanide, a highly poisonous, white crystalline element accidentally mixed with the medicines because of factory defect. The sister company of CPC, the Jackson Company took the initiative and without delay, made steps to resolve the problem. It readily ordered the retrieval of the product from the market. Be that as it may, the company lost about $100M dollars by recalling more than 31 million bottles of Analgesia-T. The Jackson Company made all efforts to launch an information campaign in order to allay the fear of the consumers. The company ran a continuous media campaign and a toll-free customer care hotline. Millions of capsules were tested by reliable agencies and…