Welcome to the 1520 Perfect Dictionary
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| Price-fixing | |
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| PRICE-FIXING Definition: The practice of companies agreeing not to sell goods below a particular price. ______________________________________________________________________ * All seven elements would be in. 1. Purposeful and necessary for the companies. 2. (Reserved.) (Goods are of the best quality - no rip-offs! That is, what is presented is not what is claimed to be something better.) __________________ 3. Price agreed is not below the cost price, if product is a new introduction into the market. 4. New agreed price is not higher the previous highest selling price among the companies, if product was already in the market. __________________ 5. All parties to the agreement keep to the arrangement. That is, there is no 'black sheep' to sell products 'under the counter' at a different (= higher or lower) price. 6. Products are not boycotted by buyers because of new, imposed price. 7. Practice achieves objective(s) as hoped for. (Connect to #6.) __________________ | |
1520 Products |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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 1520 Sex Game |
 1520 Puzzles |
 1520 Marriage Game |