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Brand: Brightline Compliance

Content Type: Individual Course

Communication Method: SCORM

Technical Requirements: Click here for details

 

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Why Train on This Topic?

Industry competition allows organizations to compete on measures such as the quality and innovativeness of products, the skills and efforts of employees, and the soundness of business and pricing strategies. In a freely competitive market, each competing business will try to gain consumers by cutting prices, increasing the quality of product or services, and finding more efficient means of production.

When competitors agree to fix prices, rig bids, or allocate customers, consumers lose the benefits of competition. Such anti-competitive restraints threaten the health of the marketplace and lessen choice and value to consumers. Whether inadvertent or intentional, violation of antitrust law can result in grave consequences for an organization as well as individuals involved.

Global Compliance’s online course, Antitrust and Anti-Competitive Practices, teaches learners to identify situations that could raise antitrust concerns and provides guidance on how to interact with competitors and other business-related associations.

Course Content

The course explores anti-competitive practices such as:

Price Fixing - Two or more sellers agree that they will increase prices a certain amount, or that they won't sell below a certain price

Bid Rigging - Two or more firms agree not to bid against each other to supply products or services to government agencies, or they agree on the level of their individual bids

Market Allocation - Two or more firms agree not to compete with each other by dividing sales territories or allocating customers

You will learn practical skills for identifying questionable activities that could put your organization at risk, including:

Communications with competitors and subcontractors

Joint development projects

Activity in associations

The course includes several scenarios and interactive exercises designed to focus the learner's attention on difficult, “gray area” situations that they may encounter in the workplace. The course also describes the consequences of violating antitrust provisions for the organization and involved individuals.

Language: English