Driven by the potential to create profits and to survive in a highly competitive industry‚ rival firms have to continuously strive to be innovative to attract and keep customers. # Are monopolies bad? Antitrust laws good or bad? – topic # I’m arguing that monopolies are bad. Antitrust good. # Briefly describing monopoly vs competitive market Monopolies are characterized as a single firm or group of firms that are the sole suppliers of a good or service for which there are no close substitutes. Natural
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Q) Why firms should manage Financial Risks? INTRODUCTION: The etymology of the word “RISK” can be traced to the Latin word “RESCUM” meaning danger at sea or that which cuts. Managing business in a highly volatile environment is like navigating a ship on stormy seas. The modern business is confronted with many risk‚ some of which are basic eg.‚ loss of property due to natural calamities‚ civil unrests etc.‚ and some are strategic risks. Strategic risks may manifest themselves in several
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The antitrust laws were adopted by Congress to outlaw or restrict business practices that were considered to be monopolistic or which restrained interstate commerce. The Sherman Antitrust Act of 1890 declared illegal "every contract‚ combination or conspiracy in restraint of trade or commerce" between states or foreign countries. The Clayton Antitrust Act of 1914‚ amended by the Robinson-Patman Act of 1936‚ prohibits discrimination among customers through pricing and disallows mergers‚ acquisitions
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The Clayton antitrust act was passed in 1914. The act was drafted by Alabama Democrat Henry De Lamar Clayton. President Wilson instructed congress to come up with the act when he went into office in 1912. Wilson felt as though large companies had too many freedoms. The Act was put into effect to prohibit anticompetitive price discrimination‚ prohibit against certain tying and exclusive deal practices‚ expand power to private parties to sue and obtain triple damages‚ labor exemption that permitted
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Why firms decide to go global Growth Many companies will prefer to invest their excess profits in order to expand‚ but sometimes they are limited because of the maturity of the markets in their area. Therefore‚ they seek the overseas new markets to provide such growth opportunities. So‚ these companies‚ in addition to investing their excess profits‚ also try to maximize efficiency by employing their underutilized resources in human and capital assets such as management‚ machinery‚ and technology
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Question 1 Issue: 1whether the other two partners and/or the firm are liable. 2 Whether Rich can sue partners individually and separately‚ jointly and/or sue the firm. Rule: Partnership Act 1958 (VIC) Case law As it is said in the question‚ Harry‚ Moe and Joe operated a solicitor firm as a partnership. Thus the act of each of them should be bound under the Partnership Act 1958 (VIC). According to s9 of Partnership Act 1958 (VIC)‚ every partner is the principal in the business and the agent
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Why Do Some Firms Become Global? 1. Introduction More and more companies all over the world have joined the army of firms that are running globally. Reasons of companies becoming increasingly international can vary‚while the ultimate goal of going global turns out to be growth and expansion of the company. No matter whether a firm employs staff from international labour market or looks for exploration of new markets overseas‚ corresponding strategies can contribute a great deal to diversification
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The Roaring Twenties were a time of economic prosperity‚ innovation‚ heightened consumerism‚ and personal liberation. However‚ the new era also brought much tension that resulted in increased segregation and anti-immigrant ideals. While the twenties are considered a decade of liberation for many‚ it was also an era of civil unrest. The cultural advancements and diverse social landscapes of the 1920s were shaping a new society that threatened old ideals and exacerbated cultural conflict from those
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Although antitrust laws are good for the market‚ as in the instance with the federal government’s use of the Sherman Act against AT&T‚ which led to a communication revolution‚ there are a couple of issues concerning antitrust laws. The first is issue is the interpretive nature of the federal and state government laws. The Sherman Act‚ The Federal Trade Commission Act‚ and the Clayton Act are federal statutes written in general language rather than exact verbiage on code of conduct. In the case
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Microsoft Corporation was charged with violating parts of the Sherman act through a civil antitrust action‚ which would take place in the district court. This case was brought about by the 20 states of the US and by the District of Columbia. Since Microsoft was such a large corporation‚ there was a five-day period where they would make certain information confidential to the public in order to protect trade secrets from getting out. “The Microsoft Corporation violated the nation’s antitrust laws through predatory
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