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A: The above question is from the topic: Competitive Pricing The answer to the question is given below:
What are the most important risks managers face if they sign an agreement with their competitors which sdpecifies the prices the firms will charge?
a. They may go to prison or face a serious fine.
b. Other firms may ignore the agreement.
c. Other firms in the industry may retaliate.
d. Their elasticity of demand will be less elastic at the higher price.
e. There is no important risk in signing such an agreement and it will lead to larger profits.
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- You are the senior buyer for a growing technology company and an avid golfer You have just opened an invitation to attend the masters Golf Tournament in Georgia this coming spring. The invitation is from a supplier company that has been trying to sell you its new line of products for the past year. They will pay for everything, travel, room, meals and you'll even get an opportunity to play in the pro- am event on Wednesday before the match starts. You have read the newly released Employee Manual and there is no reference or rule that specifically states that an employee cannot accept a fully paid trip from a vendor, although there are some vague restrictions on lunches and dinners paid for by suppliers 1. Do you think the supplier will expect "special treatment in the next buying situation?You are the senior buyer for a growing technology company and an avid golfer You have just opened an invitation to attend the masters Golf Tournament in Georgia this coming spring. The invitation is from a supplier company that has been trying to sell you its new line of products for the past year. They will pay for everything, travel, room, meals and you'll even get an opportunity to play in the pro- am event on Wednesday before the match starts. You have read the newly released Employee Manual and there is no reference or rule that specifically states that an employee cannot accept a fully paid trip from a vendor, although there are some vague restrictions on lunches and dinners paid for by suppliers 1. Do you accept or decline the invitation? Why?You are the senior buyer for a growing technology company and an avid golfer You have just opened an invitation to attend the masters Golf Tournament in Georgia this coming spring. The invitation is from a supplier company that has been trying to sell you its new line of products for the past year. They will pay for everything, travel, room, meals and you'll even get an opportunity to play in the pro- am event on Wednesday before the match starts. You have read the newly released Employee Manual and there is no reference or rule that specifically states that an employee cannot accept a fully paid trip from a vendor, although there are some vague restrictions on lunches and dinners paid for by suppliers 1. Just because it is not specifically mentioned in the Employee Manual would you be acting ethically if you accepted?
- The Gray Ferrari I t all got started when Robert L. Johnson had dinner at Mr. K’s Chinese restaurant with Michael Jordan of the Washington Wizards and David Falk, the leading sports agent. When the discussion turned to cars, Johnson mentioned his interest in getting a Ferrari. Both Falk and Jordan recommended their respective dealers but Johnson found the going tough. Only a select number of Ferraris are made annually, and the automaker limits how many are sold through U.S. dealers to about 1,000 units. In practice, anyone placing an order would have to wait over two years for delivery for a car that would cost $200,000 to $300,000 depending on the model. A New Jersey dealer had a Ferrari available, but, at $300,000, Johnson felt the price was too high. Michael Jordan’s dealer had a 360 Modena available for $160,000. Although he bought it, it was not exactly what he had wanted because the Modena is not a convertible. Franco Nuschese, the owner of Georgetown’s…Please do not give solution in image format thanku a. Provide an overview of the various programmes and interventions implemented by the South African government to support SMEs, such as funding schemes, mentorship programs, and capacity-building initiatives. b. Discuss the objectives of these programmes, emphasizing their focus on enhancing SME competitiveness, facilitating market access, and promoting job creation.What is the primary intent of performing a breakeven analysis? a. To maximize productivity b. To provide a rough idea of the level below which prices cannot fall c. To facilitate the allocation of fixed costs d. To determine price elasticity