TRUE/FALSE Questions: StatementTrueFalseAll the below are forms of competition act:− price fixing− bid rigging− price discrimination− predatory pricing− double ticketing− resale price maintenance− bait and switch selling− pyramid selling☐☐Business slander means unfair and untrue written (oral) statement about a competitor☐☐

Introduction: Competition Act and business slander are two separate concepts related to business…

Answered: TRUE/FALSE Questions: Statement…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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To Block or Not to Block: The Competing and Compelling Interests of Advertisers, Users, and Facebook
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Strongly Disagree Disagree Agree Strongly Agree Question 1. Promotional activities inform and persuade current and potential customers about products and services. 2. Manufacturers offer samples and trial sizes of products to create awareness about a new product. 3. Businesses offer coupons and limited free-use offers to stimulate demand. 4. Contests and games are used to identify new customers and reward loyal customers. 5. Stores such as Best Buy and Lowe's challenge competitors through price-matching programs. 6. Retailers do not use promotional activities to generate sales during slow periods. 7. When most people make a purchase, they don't rely on conversations with their family and friends to get their opinions.
In the U.S., what law protects firms whose brand names have been unfairly tarnished in comparative ads?
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Ethics Several online stores now sell products to consumers at different prices based on the user’s information, such as geographic location—which determinesyour proximity to competitors and your area’s averageincome. Although this practice, known as Internetprice discrimination, is not illegal, some would say itis unethical. Do you believe this practice is unethical?Should this practice be illegal? If you think the practiceshould be legal, should retailers be required to put adisclaimer on their site? explain your reasoning.
Advertising can affect the way consumers rank a brand's attributes. Question 30 options: True False
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Topic 1 â€“ Targeting Vulnerable Consumers Some marketers target vulnerable groups by their ads. Vulnerable groups are consumers who are unable to make prudent purchasing decisions due to personal or situational influences. This may include children, elderly, homeless and disabled people.a) In your opinion, should Marketers target these groups?b) Should the type of product marketed be an issue?c) Share with us one commercial that you think violates ethics and justify to what extent the commercial is unethical.
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Statement	True	False
All the below are forms of competition act: − price fixing − bid rigging − price discrimination − predatory pricing − double ticketing − resale price maintenance − bait and switch selling − pyramid selling	☐	☐
Business slander means unfair and untrue written (oral) statement about a competitor	☐	☐