Quiz 11: Minimum Resale Price (MRP) Policies

Quiz Summary

0 of 6 Questions completed

Questions:

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 6 Questions answered correctly

Your time:

You have reached 0 of 0 point(s), (0)

Current
Review
Answered
Correct
Incorrect

Question 1 of 6

1. Question
A MAP policy would affect a retailer’s price in an online shopping cart.
- True
- False
Correct

Incorrect
Question 2 of 6

2. Question
A unilateral MRP policy can be turned into a de facto agreement by the behavior of the company’s employees.
- True
- False
Correct

Incorrect
Question 3 of 6

3. Question
In a brick-and-mortar store, both an MRP and a MAP policy would cover pricing on in-store signage.
- True
- False
Correct

Incorrect
Question 4 of 6

4. Question
What is one reason that a manufacturer may want to consider implementing a MRP policy over a MAP policy?
- They are only concerned in enforcing their online advertised prices
- The manufacturer wants to lay out a process that is more far reaching and broad in terms of the restrictions it will place on resellers
- MAP policies are harder to draft unilaterally
- Manufacturers can easily pass full responsibility of MRP policy enforcement onto their distributors
- MAP policies aren’t as efficient in increasing profit margins as are MRP policies
Correct

Incorrect
Question 5 of 6

5. Question
How are resale policies such as MRP policies deemed legal?
- Antitrust laws never specifically mention resale policies
- Each party in a resale policy is considered an independent actor, acting without coercion from the other party
- MRP policies are acceptable only if they include written signatures from both parties
- Resale partners must have a say in the price-ceiling present in each policy
- Only policies drafted at least two months before a company’s next fiscal year can be considered legitimate during that year
Correct

Incorrect
Question 6 of 6

6. Question
Which of the following is considered an MRP Policy “Must-Have”?
- A list of themes and guidelines of how in-store displays should decorate their price tags
- Space where both parties can include the date and their written signatures
- A policy administer that can handle all things MRP policy-related
- Language that signals a two-way agreement
- An opening paragraph introducing the legal team that will be enforcing your MRP policy on behalf of your company
Correct

Incorrect

Quiz 11: Minimum Resale Price (MRP) Policies

Okay, it’s quiz time! Let’s see what you’ve learned about MRP policies.

Quiz Summary

Information

Results

Results

Categories

1. Question

2. Question

3. Question

4. Question

5. Question

6. Question