CHAPTER 4 THE MARKETING ENVIRONMENT MULTIPLE CHOICE QUESTIONS 1. “________ fever” results from the convergence of a wide range of forces in the marketing environment—from technological, economic, and demographic forces to cultural, social, and political ones. a. Marketing b. Cultural c. Technographic d. Millennial Answer: (d) Difficulty: (2) Page: 117 2. The ______________________ consists of the actors and forces outside marketing
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later, the FTC handed over their investigation to the U.S. Department of Justice. After years of accusations for monopolizing and engaging in anti-competitive acts, Microsoft finally, on May 18, 1998, received a suit for violation of federal anti-trust laws.[i] The suit alleges that Microsoft is in violation of Sections 1 and 2 of the Sherman Anti-Trust Act, and seeks to prohibit Microsoft from selling certain products and engaging in certain sales practices. Time Line of Events
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Introduction Antitrust laws are essentially a series of highly interpretable and ever-changing guidelines meant to encourage stable competition between businesses; in essence they are laws to protect against anti-competitive monopolists and conspiracies. What is US antitrust law? US antitrust law is essentially competition law. The term “antitrust” refers to the colossal trusts which were set up in the US in the late 1800s to control entire markets for petroleum, transport, banking, rail and other
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the Laws on Commercial Speech and Free Market Competition Our society has advanced to where it is today because of the interaction and exchange that fosters innovation and economic progress. We cannot naively rely on the pure goodness of society to insure that trade and business is fair—society depends on institutions for that, more specifically the institution of law. Good laws are intended for society to capture the gains from trade and interaction. This paper will evaluate whether the laws that
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Patricia Harris Busn 310-1103B Business Ethics Abstract There are instances where major manufacturers are protected by antitrust laws. Even though it may appear they are siding with a monopolistic power in the marketplace. On the other hand federal regulation commissions are hard at work in protecting the consumer from unfair treatment. The judgments under which such decisions are made require careful consideration of the intent of the companies involved and how they affect the consumer.
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Unit 1 Week 1: An antitrust law that was the first United States Federal statute to limit cartels and monopolies that was signed July 2, 1980 is called Sherman Antitrust Act. This act allows the US federal government to take the legal action against firms in the formation of trusts as a means of dissolution (Sherman, 2013). Therefore, Goliath and Junior are not correct. The relationships that exists which restrain trade and commerce are strictly forbidden and deemed illegal (Sherman, 2013). Since
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market, and also keeps the monopolies from doing anything unreasonable. This has led to numerous trials on major companies, one of the biggest cases would be the trial against Microsoft INC. Acts for Regulating Monopolies: In 1890 the Sherman Antitrust act was put into effect, named after the Senator of Ohio, John Sherman and was the first component for congress to prohibit trust.(General Records of the United States Government, Record number 11) The Sherman Act intended by congress to help keep
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prohibited combinations in restraint of trade without any distinction between “good” and “bad” trusts. To elaborate, the law was ineffective largely, due to the fact it was used to curb labor unions or labor combinations that were restraining trade. However, as monopolistic corporations were directly threatened they counteracted the law with a revolutionary principle. The Sherman Antitrust Act of 1890 outlawed trusts, monopolies that fix prices and restrained
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“Robbers of Barons” Robyn Brown National Paralegal College Assignment One “Robbers of Barons” During the Industrial Age, “Robber of Barons” consist a few people, who build and dominate the railroad, steel, finance, and oil to amass a personal fortune at the expense of the American people thorough eliminating the competition. “Robber of Barons” benefit the American people by creating jobs, making contributions to charities, exploring new business practices, investing into myriad of business
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[Industrial regulation pertains to the government regulation of firms’ prices or rates within industries. These regulations are in existence to prevent companies from forming a monopoly, to promote competition and achieve allocative efficiency.] (Brue, 2011) In the mid-1800’s industry began to grow and many companies were becoming monopolies by being dominant firms in their industry. They would drive up prices by using questionable tactics. Different businesses and consumers began to complain to
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