Resale Prices Acts

Resale Prices Acts (1964, 1976)

a body of UK legislation providing for the control of RESALE PRICE MAINTENANCE by suppliers of a product. The Acts make the practice of rpm illegal unless it is specifically exempted by the OFFICE OF FAIR TRADING, usually after investigation by the Restrictive Practices Court (now the COMPETITION COMMISSION). Under the Acts, suppliers must satisfy the Court that not only does rpm benefit buyers in one or more specified ways (for example through greater convenience, or the provision of after-sales services) but that, on balance, these benefits are greater than any detriments (for example higher prices resulting from the elimination of retail price competition). The Acts make one concession to manufacturers, allowing them legally to prevent a retailer from pricing products as a LOSS LEADER (i.e. selling the product at below bought-in cost). See COMPETITION POLICY (UK), RECOMMENDED RESALE PRICE.

单词	resale prices acts
释义	Resale Prices Acts Resale Prices Acts (1964, 1976) a body of UK legislation providing for the control of RESALE PRICE MAINTENANCE by suppliers of a product. The Acts make the practice of rpm illegal unless it is specifically exempted by the OFFICE OF FAIR TRADING, usually after investigation by the Restrictive Practices Court (now the COMPETITION COMMISSION). Under the Acts, suppliers must satisfy the Court that not only does rpm benefit buyers in one or more specified ways (for example through greater convenience, or the provision of after-sales services) but that, on balance, these benefits are greater than any detriments (for example higher prices resulting from the elimination of retail price competition). The Acts make one concession to manufacturers, allowing them legally to prevent a retailer from pricing products as a LOSS LEADER (i.e. selling the product at below bought-in cost). See COMPETITION POLICY (UK), RECOMMENDED RESALE PRICE.
随便看	multiple-choicely multiple choice question multiple-choice question multiple choice questionnaire examination multiple-choice questions multiple choices multiple choice test multiple cholesterol emboli syndrome multiple chronic conditions multiple circular mils multiple circular sectors multiple citizenship multiple classification analysis multiple classification ripple down rules multiple classifier system multiple climax multiple clip applier multiple cloning site multiple cloud base height multiple coagulation factor deficiency multiple coagulation factor deficiency iii multiple-code coded switch multiple code words multiple coefficient of determination multiple coiled-coil gababr1-binding protein