TXMI 3210 Lecture Notes - Lecture 8: Adae Festival, Federal Trade Commission Act Of 1914, Sherman Antitrust Act

• School: University of Georgia
• Department: Textiles, Merchandising and Interiors
• Course: TXMI 3210
• Professor: Katalin Medvedev

Document Summary

Conglomerates: #1 general electric . 9 billion, design firm. Less hassle and red tape than corp: disadvantages: Greatest share of profit earned in the us: disadvantages: Difficult and costly to establish or dissolve ownership. Outlaws price fixing and unfair competition: laws protecting consumers. Must have tag with breakdown of components (ex: 50% (cid:272)otto(cid:374), 30% (cid:449)ool, ) Same as wool products labelling act for all textiles. Care labeling of textile wearing apparel ruling, 1972 (1884 and 1997) Must tell you how to care for the textile. Mergers/acquisitions when one large company buys another and maintains the owning companies name. Advantages: take ad(cid:448)a(cid:374)(cid:272)e of (cid:272)o"s pur(cid:272)hasi(cid:374)g po(cid:449)er, sell stock for resources to expand, elimination of duplicate facilities, diversification: addition of various lines, products, or services to serve differ market. I(cid:374)ter(cid:374)al e(cid:454)pa(cid:374)sio(cid:374)/gro(cid:449)th: (cid:272)o(cid:373)pa(cid:374)(cid:455)"s a(cid:271)ilit(cid:455) to offer (cid:373)ore ser(cid:448)i(cid:272)es a(cid:374)d (cid:271)roader assort(cid:373)e(cid:374)ts of (cid:373)er(cid:272)ha(cid:374)dise (cid:862)real gro(cid:449)th(cid:863) Horizontal growth: getting into new markets through new lines or more stores.