Chapter 32: Restructive Trade Practices

• What are the five different unfair business practices?

  Price maintenance, Price discrimination, discriminatory promotional allowances, Bid-rigging, Conspiracy.
• Attempt by seller to control the resale price of a product by a retailer

  Price maintenance
• Agreement by the firms to unduly lessen competition

  Conspiracy
• Selling at different prices to different buyers

  Price discrimination
• firm that controls a major segment of a market for a product or service

  Dominant position
• Practice whereby contractors, in response to a call for bids or tenders, agree amongst themselves as to the price or who should bid or submit a tender

  Bid-rigging
• Practice of selling goods not for the profit but to advertise or to attract customers to a place of business.

  Leader-loss selling
• When publicly advertising a low price for goods, while maintaning a higher price for those goods.

  Sale above advertised price
• Practice of attaching several different parice tickets to goods

  Double ticketing
• Publicly advertise a low price, for certain goods, then stocking up different higher-priced goods

  Bait-and-Switch