financial and commercial relations or connections (between communities, countries, etc.)
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What do you mean by TIE-in sales?
A tie-in sale results from a contractual arrangement between a consumer and a producer whereby the consumer can obtain the desired good (tying good) only if he agrees also to purchase a different good (tied good) from the producer.
What is the full meaning of tie?
1 : to fasten, attach, or close by means of a tie. 2 : to form a knot or bow in. 3 : to bring together firmly : unite They are tied by marriage. 4 : to hold back from freedom of action Obligations tied her down. 5 : to make or have an equal score with in a contest.
The social ties are normally described on the individual-to- individual level, while the economic ties link companies together. In the freelance and sharing economies, the social and economic ties would often coincide on the individual level, while also possibly be represented on the network level.
What personal tie means?
personal ties means family or social ties to which a person devotes most of his time not devoted to occupational ties; Sample 1Sample 2Sample 3.
Are tie-in sales Legal?
Tied selling, which is against the law, occurs when a company conditions the sale of a product or service only if that customer purchases some other product or service. In the U.S., “tied-in” selling or “tied” products are addressed by both the Federal Trade Commission (FTC) and the U.S. Department of Justice (DOJ).
When consumers buy tied goods?
When consumers buy tied goods: – they usually buy one unit of the base good and different amounts of the variable good depending on their usage. – they usually buy the base goods and the variable goods in pairs.
What is an example of a tie?
An example of a tie is what’s worn around the neck and knotted at the throat of someone wearing a suit. Tie means to fasten or bind two or more things together with string or rope or to make a knot or bow. An example of to tie is making a bow with shoelaces.
What is the use for tie?
A necktie, or simply a tie, is a piece of cloth worn for decorative purposes around the neck, resting under the shirt collar and knotted at the throat, and often draped down the chest.
Why is tie used?
Neckties have always symbolized nobility, honor, and order. Originating in 17th century Europe, Croatian mercenaries serving in France were the first to wear knotted neckerchiefs to signal their position and alliances. King Louis XIV of France admired the neckwear so much, he began wearing ties as a status style item.
What is ties to home country?
“Ties” to your home country are the things that connect you to your hometown, homeland, or current place of residence: job, family, owning a house or apartment, financial prospects that you own or will inherit, investments, etc.
What are the 4 socio-economic factors?
Socio-economic factors include occupation, education, income, wealth and where someone lives.
What are two types of economics?
The two branches of economics are microeconomics and macroeconomics. Economics focuses on efficiency in production and exchange.
What is the meaning of family ties?
noun. (Chiefly in plural) a bond or connection between two or more family members; an obligation to one’s family.
What does it mean to be someone’s person?
Being someone’s person means that you have love in your life that will last as close to forever as this world allows. It’s one of the most beautiful implied contracts deeply embedded in a genuine connection with another.
What is an example of tied selling?
Tied selling is when a vendor requires or induces a customer to buy a second product. For example, they may refuse to sell a certain product unless the customer also buys something else. Tied selling may also prevent a customer from using or distributing another product with a product supplied by a vendor.
What is a tie-in agreement?
Tie-in agreement includes any arrangement requiring a purchaser of goods as a requirement of such purchase to purchase some other kinds of goods. It is also referred to as tying agreement, tying arrangement, tie-in sale, tie-up sale, or clubbed sale.
What is an illegal tie-in?
When a seller requires buyers to purchase a second product or service as a condition of obtaining a first product or service, it may run afoul of the federal antitrust laws. This is called a tying arrangement or tying agreement.
What is an example of a tie-in arrangement?
Example: A common example of an illegal tying arrangement involves tying a patented drug to an unpatented medicine dispenser. This seeks to extend the monopolistic rights allowed to patent holders to non-patented items.
Why do firms bundle and tie?
The law presumes that tying allows a firm to leverage market power from one good to another. But tying is a common practice in markets in which the tying good is competitive (so leverage is not possible) and in which the tied good is competitive (so leverage is not profitable).
What is the difference between tying and bundling?
Tying occurs when a supplier makes the sale of one product (the tying product) conditional upon the purchase of another (the tied product) from the supplier (i.e. the tying product is not sold separately). Bundling refers to situations where a package of two or more products is offered at a discount.