THE COMPETITION ACT, 2002 No. 12 OF 2003 as amended by The Competition (Amendment) Act, 2007 2007 THE COMPETITION ACT, 2002 1 No. 12 OF 2003 [13th January, 2003.] An Act to provide, keeping in view of the economic development of the country, for the establishment of a Commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants
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CONSUMERISM Historical Overview of Consumerist Movement The first consumer movements took place in the 1900s and were fuelled by such factors as rising prices and unethical drugs scandals. The second was in the 1930s, was caused by similar cases as in the 1960, and has been growing stronger since then to date. This was because of complex set developments. Consumers have become better educated, products have become increasingly complex and hazardous and there is general discontent in Nigeria
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Introduction In this paper I will be explaining how the diamond company manufacturing and importing company, De Beers, violated US antitrust laws in an effort to become the most sort after monopoly in the diamond manufacturing and importing industry. I will also be discussing how De Beers maintained their monopolistic power. Violation of Antitrust Laws De Beers was investigated for antitrust behavior because the company ended up violating antitrust laws. They violated antirust laws by importing
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P6 Describe how political, legal and social factors affect McDonalds Political Factors in UK Political factor is one of the main factors for McDonalds as it allows them to have the knowledge of how the economy is and also allows them to predict how to move forward with their business and expand it. The political stability in the UK is stable due to the fact they have a stable government because the inflation is at 2% which allows McDonalds to run their business successfully as the economy is
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BUS 550 Homework S1 Note: - Please do the assignments at the infabc site - The homework is due on Sunday, 11/04, at 11:59pm. Problem #1 The sweetTooth Candy Company knows it will need 10 tons of sugar 6 months from now to implement its production plans. Jean Dobson, SweetTooth’s purchasing manager, has essentially two options for acquiring the needed sugar. She can either buy the sugar at the going market price when she needs it, 6 months from now, or she can buy a
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MTGS7601 Individual Organisation Problem Analysis MF Global Case Study Word count: 2442 Jinghua Chen 43775275 Table of Contents 1.0 introduction...............................................................................................................................................2 2.0 Background 2 3.0 problems statements................................................................................................................................2 4.0 PROBLEMS ANALYSIS
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The Indian commodity futures volumes have grown 5.5 times from Rs.20.53 trillion in 2005-06 to Rs.112.52 trillion in 2010-11. Currently, the average monthly volume on the Indian commodity exchanges is Rs.6 trillion. MCX leads the industry, followed by NCDEX. MCX is not only number one in India but has achieved some global milestones too. It was the largest exchange in silver (in terms of number of futures contracts traded in 2010), number two in gold, copper and natural gas and number three in crude
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risk management. Commodity options trading and cash settlement of commodity futures had been banned since 1952 and until 2002 commodity derivatives market was virtually nonexistent, except some negligible activity on an OTC basis. Now in September 2005, the country has 3 national level electronic exchanges and 21 regional exchanges for trading commodity derivatives. As many as eighty (80) commodities have been allowed for derivatives trading. The value of trading has been booming and is likely to
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(Traded Average Price Options) Traded options LMEminis 1 Overview The London Metal Exchange (LME) is the world’s premier industrial metals market – more than two thirds of global non-ferrous futures and options trading is conducted on the LME. The price derived from trading is used as a reference price in the majority of the world’s physical metal markets. Located in the City of London, the LME’s membership is global, with more than 95% of the business conducted on its markets coming from
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Soybean processing plant enterprises hedging has a direction puzzle. For deep-processing enterprises, though there has no products hedging, how about the future goods varieties? Can we hedge against the raw material? To analyze carefully, we can see that there still have some problems about raw material hedging. Soybean processing plant enterprises hedging in the future market belongs to buying hedge. Due to logistics, this will cause adverse effect to the northeast deep-processing enterprises hedging
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