If laundry detergent companies are in an agreement, this is an example of a_______ agreement.
A)horizontal
B)vertical
C)triple- threat
D)treble

Question

Quizplus · Accepted Answer

A horizontal agreement refers to an agreement between companies that are in the same industry and at the same stage of production or distribution, such as laundry detergent companies. They may agree to fix prices, limit production, or divide the market between them. In contrast, a vertical agreement involves companies at different levels of the supply chain, such as a manufacturer and a retailer. The other choices are not relevant in this context.

If Laundry Detergent Companies Are in an Agreement, This Is