About This Chapter
Business & Antitrust Laws - Chapter Summary
Use this comprehensive business chapter to learn or review information about business and antitrust law. After examining various types of antitrust law, you'll become familiar with corporate expansions and mergers. You'll also take a look at the Sherman Act and the role of the Federal Trade Commission. We've included short quizzes throughout the chapter to help you evaluate your understanding of these topics. You can study the chapter on any Internet-connected device, or you can print the lesson transcripts to review offline. Our expert instructors are also available to answer any questions you may have. By the end of the chapter, you should be able to:
- Evaluate different types of antitrust law
- Explain the purpose of mergers and acquisitions in corporate expansion
- Differentiate between horizontal, vertical and concentric mergers
- Identify vertical and horizontal agreements that violate the Sherman Act
- Recognize the powers, principles and provisions of the Federal Trade Commission
1. Antitrust Law: Definition, Types & Outline
Antitrust laws are statutes developed to protect consumers from rapacious business practices by making it illegal for businesses to compete in unfair ways.
2. Corporate Expansion: Mergers and Acquisitions
Corporations can grow in two different ways: through expansion of their current business or through mergers and acquisitions. In this lesson, you'll learn about mergers and acquisitions. A short quiz follows.
3. Types of Mergers: Horizontal, Vertical & Concentric
Mergers are endorsed by the government when they do not a create monopolistic environment, and they provide better prices to consumers. In this lesson, you will learn about the three different types of mergers: horizontal, vertical, and concentric.
4. Horizontal and Vertical Agreements that Violate the Sherman Act
There are two types of restrictions under the Sherman Anti-Trust Act. A horizontal agreement between competing businesses includes price fixing, and a vertical agreement between sellers and buyers includes engaging in resale price maintenance. Learn about both types of agreements in this lesson.
5. Federal Trade Commission: Powers, Principles & Provisions
Consumers can be preyed upon by unethical businesses. The Federal Trade Commission (FTC) was developed to protect consumers against fraudulent business practices. In this lesson, you'll learn about the powers, principles and provisions of the FTC.
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Other chapters within the UExcel Business Ethics: Study Guide & Test Prep course
- Business, Government & Society Overview
- Understanding Business Ethics
- The Interaction of Business, Government & Society
- Understanding Management & Stakeholders in Business
- Public Affairs & Crisis Management for Business
- Employer-Employee Relationships
- Promoting Diversity in the Workforce
- Stockholders & Corporate Governance
- Corporate Social Responsibility & the Community
- Consumer Rights & Protections
- The Importance of Ethics in Advertising
- Business & Special Interest Groups
- The US Government & Legislation
- Regulations & Public Policy for Business
- The Judicial Branch of the US Government
- Global Business Environment Overview
- Understanding International Trade & Business Law
- Understanding Technology in Business
- Understanding Environmental Issues in Business
- UExcel Business Ethics Flashcards