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What do you call an agreement made between different companies to the same amount for product?
Wiki User
∙ 8y ago
An agreement between different companies to charge the same amount for a product or service is known as "price-fixing" whereby rival companies agree not to sell goods below a certain price.
Colten Mayer
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What is the difference between cartel and collusion?
A cartel is a formal agreement between companies to control the price of a commodity or product etc - like OPEC. Tacit collusion occurs when companies make an informal agreement to fix prices (i.e. they do this without letting their competitors or official bodies know). Your confusion might arise from the fact that members of a Cartel (an officially organised group) can still engage in unofficial agreements (tacit collusion), although it is usually firms outside a cartel who do this
What are pure competition companies?
Pure competition companies are companies have no control of the price of their product. Their product is standardized throughout all of the companies selling it. There are large numbers of both buyers and sellers of the product.
How companies differentiate and position their product for maximum competitive advantage?
the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.
What allows another firm to produce and sell a company's product abroad?
foreign license agreement
What is one way a country can obtain absolute advantage in marketing a product?
enter into an orderly marketing agreement
What do you call an agreement made between different companies to charge the same amount for a product?
Price fixing (it is illegal).
What do you call an agreement made between different companies to charge the same amount amount for products?
An agreement between different companies to charge the same amount for a product or service is known as "price-fixing" whereby rival companies agree not to sell goods below a certain price.
Which companies provide lino flooring in their product range?
There are several companies that offer lino flooring in their product range. Some of these companies are Harvey Maria, Armstrong and Gerflor with different choices in each.
How does bid up tv compare to other similar companies?
First you would have to find the similar product in other companies and you can then compare the different aspects of the product to the one you have.
What are the factors that affect the product mix in a jobbing industry?
Customer demand effects the product mix at companies. Companies try to balance their product offering between customer demand and products that generate profit margins.
What is the Difference between Software Product Based And Service Based?
Product based companyThe company which will have their own products .These products are used by the other companies bypaying money to this companies.Service Based CompanyThese companies depend on the clients.Means that,they will develop a product or an application for the other companies.
What is the difference between cartel and collusion?
A cartel is a formal agreement between companies to control the price of a commodity or product etc - like OPEC. Tacit collusion occurs when companies make an informal agreement to fix prices (i.e. they do this without letting their competitors or official bodies know). Your confusion might arise from the fact that members of a Cartel (an officially organised group) can still engage in unofficial agreements (tacit collusion), although it is usually firms outside a cartel who do this
Do all insurance companies offer roadside assistance?
Not all insurance companies offer roadside assistance, different insurance packages have different benefits. Companies such as the AA and RAC specialise in this sort of motoring product.
What are the differences between tourist product and tourism product?
There is no difference, the only this that is different is the name .
What occurs when established brands from different companies join forces in an effort to market the same product?
cobranding
What are pure competition companies?
Pure competition companies are companies have no control of the price of their product. Their product is standardized throughout all of the companies selling it. There are large numbers of both buyers and sellers of the product.
What two fundamental product strategies do companies choose between when selling their products in the global marketplace?
what two fundamental product strategies do cpmpanies choos between when selling their products in the global marketplace
