...Antitrust Practices and Market Power | DeVry University | Eva Wise | Antitrust Policy consists of laws and government actions designed to prevent monopoly and promote competition. On June 23, 2011, the U.S. Federal Trade Commission initiated an antitrust probe into Google, the world’s largest search engine. FTC’s investigation entailed a broad probe into Google’s business practices and weather it was abusing its search power to drive traffic to its own properties over rival sites and services. After a nearly twenty month high-profile investigation, the federal government announced on January 3, 2013, that its dropping an “exhaustive” probe into Google as it found no evidence the company was abusing its search power. Google was investigated under violating the Sherman antitrust act. “The definitive antitrust statute, passed by Congress in 1890, that prohibits monopolies or unreasonable combinations of companies to restrict or in any way control interstate commerce. Specifically outlawed is two or more persons engaging in monopolistic practices, such as price fixing, although it does not outlaw price-fixing per se. It was amended in 1914 by the Clayton Act, which outlaws interlocking directorates and deals with acquisitions that aim to restrain or eliminate competition. (Your Dictionary Law)” “For example, one element of a duty-to-deal claim under the Sherman Act is proving that Google’s treatment of rival websites harms consumers; even the cleverest economist would be...
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...Market Power The Congress passed antitrust laws in effort to protect competition in the market, as well as consumers whom are the ultimate recipients in the market (Novak, 2007). The case that will be discussed in this paper will be a company that was found guilty of violating section 2 of the Sherman Act, which focuses on people that are trying to monopolize the market for their own benefit, or someone that is trying to get complete control within an area of the economy. With the Sherman Antitrust Act in place, monopolization is very illegal and the act tries to prevent it from happening and protect competitors in the market (Novak, 2007). Dentsply International is a company that makes dental products, but their main product sold is false teeth. The company sells product in over 100 countries, so it is a very large company. The company sells its products to dealers, who then sell the false teeth and other products to dental labs. These labs then distribute the product to dentists with the supplies they need. If you don't include false teeth, the company supplies buyers with millions of dollars of products and dominated the artificial teeth market since they had close to 80 percent of the market share at the time they were being sued (Novak, 2007). Dentsply told their dealers that they had tell sell their supplies and deal primarily with them. When the Dentsply did that, it made many dealers unhappy, and was the reason for the antitrust action the government brought against...
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...Research Database Assignment Form Type your answers to the following questions using complete sentences and correct grammar, spelling and syntax. Click “Save as” and save the file with your last name and assignment, e.g.,”NR449_Research_Database_Smith” Submit to the Research Database basket in the Dropbox by 11:59 p.m. MT Sunday at the end of Week 5. The guidelines and grading rubric for this assignment may be found in Doc Sharing. Name: Sherry Conger Describe briefly your topic of interest (15 possible points): My topic of interest is on patient education and barriers to learning. I have found that a lot of times when discharging or just teaching a patient who has been just diagnosed with an illness, the patient becomes overwhelmed and has a hard time absorbing any information presented to them. #1 Database (or collection) (30 possible points): Title of source: Health Source: Nursing/Academic Edition Location of source (URL): http://www.Ebscohost.com/academic/health-source-nursing-academic-edition Owner or publisher: Ebsco Publishing Describe (in your own words) the research database or collection of research including the purpose and the subject matter it covers: The research database health source is published by Ebsco, it is a database that encompasses over 550 scholarly journals on many medical issues. It also provides AHFS consumer medication information which gives drug information that is more easily understood by consumers. This site can be searched...
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...Antitrust Laws and Competitive Business Practices The fair, balanced and competitive application of U.S. laws as applied to business practices Introduction Several laws have been enacted to provide protection to businesses in our free-trade market. There are times when trading within the free market does not demonstrate the fair, balanced and ethical conduct deserved in competitive business. Trying to compete in a market where practices aren’t regulated deprives businesses the benefits of competition, resulting in higher prices for products and services which in turn affect the economy. Unfair trade practices have been around for as long as trade itself. Unfair practices were under scrutiny as early as 470 B.C. Grain was so vital to Greece’s population that trade laws were enacted. A percentage of grain was taken by the state therefore taxes were applied to anyone not importing directly to Athens. Death applied to anyone restricting imports (http://www.ancient.eu/article/115/). The latter was definitely extreme but regulations now cover a broader range of violations with less severe consequences. The federal government enforces three major antitrust laws. These laws address unfair practices that deprive businesses the benefits of interstate and international trade. Federal antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. The Sherman Antitrust...
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...1. Why was the firm investigated for antitrust behavior? Back around 2003 there were complaints made by dentists to the North Carolina State Board of Dental Examiners about non-dentists that were providing teeth whitening services at low cost. The Board, after hearing the complaints, issued cease and desist letters to all twenty nine teeth whitening providers who weren’t dentists. This effectively ousted all non-dentists from the teeth whitening market. 2. Identify some of the costs (pecuniary and non-pecuniary) associated with the antitrust behavior (firms having power in the market). Additionally, note the specific antitrust act (Sherman Act, Clayton Act, etc.) under which the violation was investigated. When it comes to antitrust with the sense of a dollar figure, it can be a bad when it comes to fix pricing. Back in the day it was a big problem when companies were monopolized over things such as steel, tobacco, railroads, etc. The Federal Trade Commission Act of 1914 is being violated in this case as making the non-dentist teeth whitening’s prohibited; it was an unfair method of competition. The dentists didn’t like the competition and thus removed them entirely to make sure that only they could provide the service this would also give them the choice of whatever price they wanted if they so choose. 3. Given your research and findings, are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this...
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...Antitrust Practices and Market Power Antitrust Practices and Market Power Content Introduction…………………………………………………………………………..Page 2 Case for Antitrust Behavior……………………………….……….…..…………….Page 2 Antitrust and Market Power…………..……………………………………………...Page 3 Benefit of Monopoly………………………………………………………….……...Page 4 Conclusion……………………………………………………………………….......Page 4 References………………………………………………………………………........Page 5 Antitrust Practices and Market Power Introduction First of all, what is antitrust? It was first introduced and advanced by the neoclassical economists. We also call the antitrust law as the "competition laws". The main purpose of developing the antitrust law is to ensure fair competition in an open market economy, thus protect the consumers and maximize social welfare. Case for Antitrust Behavior I consider the case of Microsoft as the perfect antitrust law case of the antitrust police. On May 18 1998, United States of Department of Justice initiated the lawsuit towards Microsoft Corporation. Microsoft was accused of becoming a monopoly and engaging in abusive practices contrary to the Sherman Antitrust Act 1890 sections 1 and 2. The accuser alleged that Microsoft was being monopolistic because its product Windows requires bundling IE, Intel, and MSO which are all it’s own products. In other words, people that wants to use Microsoft Windows has to buy all the sub-products in order to make the whole system run normally. The settle...
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...Marketing task As I stated on the phone, nominal marketing will be a peripheral aspect of the position. While I do not expect a formal marketing proposal, I am looking for someone that can think outside the box and help me to grow the practice through various marketing tools, as well as manage the day to day scheduling and office duties more typical of an administrative assistance. I recognize that I am asking the person that assumes this position to wear multiple hats, mostly because I have been wearing those multiple hats myself for the past 9 years of my independent practice. I have included some basic information about my practice, applications of my services, as well as typical fees for service. Think outside the box and be creative in developing a few potential marketing strategies that you think might work well for my practice. Please recognize that I am critiquing you more on work product (accuracy of information and thoughtfulness of proposals, along with your creativity) in addition to your writing and organizational skills on this exercise. I look forward to seeing what you develop and to meeting you during our interview time next week. My practice is typically composed of 10-12 sessions per week. Sessions are a mixture of individual, couples, and family sessions. I am looking to develop a greater basis for psychological evaluations and potential forensic involvement in custody evaluations for divorcing families. I have developed evaluations that focus on...
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...The case study given is about a fresh graduate, Mr. Rakesh Sharma joined Modern Industries Ltd. (MIL) in Bangalore as a trainee against a projected vacancy in the Paints Application Department for one-year training. Mr. Sharma has been performed very well. The Department Manager and the Training Manager were satisfied with his performance in the first two quarters. However, when stepping in to the third quarter, Mr. Sharma raised an issue about curtailing his training period. The request has not be entertained and Mr. Sharma's behavior started to change and became unacceptable. Counseling session and warning letter have been issued to him and the situation did not turn good. One of the primary objectives of the Training Department is to recruit who have good potential and train them to be effective persons in different department. The Training Manager clearly known that Mr. Sharma is a potential trainee but he failed to train him in different department and caused Mr. Sharma only have one choice of department to stay which is the Paint Application Department. The Training Manager have to struggle on his rational decision whether to terminate or not to terminate Mr. Sharma. There are five issues discussed in this report. These five issues are the main causes to the problem that the Training Manage has to decide whether he should terminate Mr. Sharma or not. The five issues are communication, employees behavior, compensation and benefit, company policy, training and development...
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...The Regional Human Resource Generalist/ Trainer for Whole Foods Market would be a position that I would like to possess. The position will be a support to the Company’s Regional Team Members apart of the Human Resources related functions as well as the training and development . This position will support the Regional Team Member Services Team in Human Resource related functions and Team Member training and development activities in the South Region. This includes Payroll and Benefits Specialist Training, resolving payroll and benefits issues, facilitating regional open enrollment, troubleshooting employment issues, investigations, and assisting with HR recordkeeping audits. Greater than 50% travel. Once obtaining this position of the Regional Human Resource Generalist, I would make a few goals that would help me better serve in the position. The position consists of many responsibilities so setting goals to meet the responsibility would be a tactic I would first take so that I am not feeling overwhelmed and spread myself to thin. Breaking down the responsibilities Human Resource Trainer Human Resources Trainer Job Description Develops and runs training programs for employees of industrial, commercial, service, or government establishment. Confers with management to gain knowledge of work situations requiring training for employees to better understand changes in policies, procedures, regulations, and technologies. Develops teaching outline and determines instructional...
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...An organization needs to have training programmes to achieve certain objectives that the company needs to progress in the direction to reach the company’s goals that it has set. The training has to be systematic so that it will be effective. The purpose of a systematic approach to training and development is to access if the training and development has met the training objectives. The other purpose is also to determine if the organization managed to get their return on investment in the training and development. Training and development is linked very closely to the performance in an organization and it is through this process that the company will be able to meet the current or future manpower needs. In an event that there is a gap in the performance of the employees and the organization goals, that is where training will be needed. The organizational needs that will cause the management to conduct training include skill shortages due to ageing population, employees performing poorly, company decide to produce new products, apply new technology, or design new jobs because these changes tend to require new skills. At times the company maybe prompted by outside forces, such as customer requests or legal requirements. The first phase is the training needs assessment phase. In this phase, the training objectives are established. This beginning phase is very important, as it is in this phase that we access what is the direction or mission of the training programmes. In this...
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...Part 3: Business Quality – 5 Practice Principles By: Gautam Borah Abstract: “Business Quality – The Fundamentals”, is the first treatise in the series of Business Quality. The first part contended a new Postulate on Quality which addresses the need of an organization and customer in the current global scenario of business. The title “Business Quality - The Delivery Model” is the second treatise on the subject of Business Quality. This is the third part titled “Business Quality – 5 Practice Principles”. This part delineates the principles on which the Business Quality is predicated. The treatise proposes 5 principles which can help an organization to create the DNA of Business Quality. Introduction The first treatise in this series of Business Quality discussed the notion of Quality in the context of current global business environment and a new postulate has been reprised. The second treatise delineated a Delivery Model for the postulate. This article is the Part 3 of the same series which illustrates the Practice Absolutes of Business Quality. The intrinsic notion of the practice principles The principles presented in this article are at practice levels. Unlike strategic principles, the practice principles aim at execution and will assist the organizations to build a culture of business Quality. Besides, practiced with a suitable monitoring and measurement system, these principles will act as the operational building blocks to sustain the Business Quality initiative...
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...Article Critique Training is the Answer…But What Was the Question The author’s main objective of this article is to ask the question of whether training really works or not. Mr. Rosner looks at how managers were being trained in order to develop the employees that they managed. This article also speaks about the mindset of personnel that attend training. Rosner states, in the words of Bob Pike, president of Minneapolis-based Creative Training Techniques, “Most people come to training with one of four mindsets: as a learner, a networker, a vacationer or a prisoner” (Rosner, 2009). These mindsets that people possess can make the training better or worse for the people attending it. If they come in with a learning mindset then they tend to more focused on what they are about to learn. They are more involved in the training and understand what they are there for. The networker mindset person is there for learning but they want to network with other people within the class. They are looking to make connections in order to have more connections for a later date, maybe for a better job or for something they may need in their current company. The vacationer mindset person is there to get away from everything not to learn. They want to get away from the office and enjoy their time away. The prisoner feels as if they were forced to be there and they come in mostly with a closed mind about the training they are attending. Rosner also speaks about some problems that people have within...
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...LEON GUINTO MEMORIAL COLLEGE, Inc. 442 Mabini Street Atimonan, Quezon (Recognized by the Government) No. 010 s. 1986 …teaching minds …changing lives …moving forward June 24, 2013 Rosvyl Claudia E. Esposo Chief Internal Auditor Rural Bank of Atimonan, Inc. Atimonan, Quezon Ms. Esposo: Greetings! Leon Guinto Memorial College, Inc. aims at the total development of its students instilled with knowledge, skill and values in order for them to be globally competitive individuals and actively contributing members of the society. In light of the aforementioned, we believe that as an institution given such responsibility, we must link up with companies who desire the same passion with us in order to update, upgrade and make the education of our youth more relevant to the actual needs of the industry. As part of the curriculum of our college, the College of Business and Accountancy is partnering you and your respected company to attain our shared vision through the Student Apprenticeship Program (SAP). This would give them the chance to be exposed to the actual working environment and apply the theories and principles they learned from their studies. Moreover, this particular subject is a partial fulfillment of their requirements for graduation. As a well established company, we believe that you are our perfect partner in achieving the objectives of our SAP. In this connection, we would like to request your office to accommodate some of our...
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...of the not-so-nutritious diet made available to them in their hall mess & canteen. Our campus provides quality food at hostel level, no doubt. But those people who follow a rigorous routine of workouts, gym, road-running, weekly matches, this mess food doesn’t guarantee the total nutrition that should be. Nutrition drive is being initiated with this motive only. The Games & Sports Council wants every deserving player of its contingent to get the maximum benefit. How to begin? Every 6 days a week, from 8 30 to 9 30pm a juice stall would be booked in front of hall 3, specifically for sports people. The stall owner would be given a list of captain’s & vice-captain’s name on it. Students who are regular in practice and have attended the practice session on that day can avail this facility, this would be done under the supervision of the captain or the vice-captain, one of them has to be present along with them. Every sport that our campus students play has a different strength than the other. To account for this, number of students who can benefit from this activity would be limited & the thing most important to this, only regular students can utilize this opportunity. There can be 3 different types of Juices that can be provided, namely pineapple, orange & any other seasonal fruit. Choice would be subjective to players. Benefits- The Objective of this nutrition drive is not only to provide students with the essential nutrition, but also ensure regularity...
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...Apprenticeships develop employees who can do many different tasks. They usually involve several related groups of skills that allow the apprentice to practice a particular trade, and they take place over a long period of time in which the apprentice works for, and with, the senior skilled worker. Apprenticeships are especially appropriate for jobs requiring production skills. Internships and assistantships are usually a combination of classroom and on-the-job training. They are often used to train prospective managers or marketing personnel. Programmed learning, computer-aided instruction and interactive video all have one thing in common: they allow the trainee to learn at his or her own pace. Also, they allow material already learned to be bypassed in favor of material with which a trainee is having difficulty. After the introductory period, the instructor need not be present, and the trainee can learn as his or her time allows. These methods sound good, but may be beyond the resources of some small businesses. Laboratory training is conducted for groups by skilled trainers. It usually is conducted at a neutral site and is used by upper- and middle management trainees to develop a spirit of teamwork and an increased ability to deal with management and peers. It can be costly and usually is offered by larger small businesses. Trainers Who actually conducts the training depends on the type of training needed and who will be receiving it. On-the-job training is...
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