Wednesday, August 14, 2019
Review of ââ¬Åthe Propaganda of the Saints in the Middle Ages.ââ¬Â
The ââ¬Å"Propoganda of Saints in the Middle Agesâ⬠article, written by Esther Cohen, goes over many of the methods the Catholic Church employed to gain power over the people in Europe. Cohen goes through the middle ages by describing how the Catholic Church was spreading its faith; mainly through the use of propaganda. An Age of Faith took place between the fall of the Roman Empire and the discovery of America. Cohen describes how the in the early years of the church, martyred Christians rapidly assumed a high position in the churches hierarchy of faith. These saints where given to have special powers and gradually became central to the Catholic Church; as opposed to God. Cohen describes a clear attempt from the Church to portray a consistent propaganda campaign aimed at raising the level of sainthood in the public eye. This was not difficult to do as the church had three things with it that gave it absolute power. First thing the church had, was that its message it brought with it that could not be questioned in any way. The information they brought with them could not be voluntarily accepted or rejected, and the church had an obligation to spread that message. Secondly, the churches message was absolute and its authority was unquestionable. The church had no competition in that there was no one who could match the propaganda they brought. Lastly, the church had a centrally organized, universal message, which meant that it could be easily tailored for the masses. Pilgrimages became common; this cemented the church even further as they build grand churches filled with ââ¬Å"holy relicsâ⬠of the saints. These relics were given to have special powers when yielded by the saints of the church. Many of the pilgrims believed this message and probably never questioned it. Many of them were filled with awe when they saw the grand magnificence of the church and the stained glass windows within them (peasants would never see such sights if it hadnââ¬â¢t been for the church). The fact is that all of the churchââ¬â¢s teachings came from a central point, making the message more or less universal and uniform. The central church was able to put together its message, and then pass it along to other churches that administered it to the masses. The message was hammered in generation to generation. The Catholic Church was a big influence in the lives of people in Europe. This essay by Cohen illustrates just how big an influence it actually was. From the very beginning, it brought a centralized message which was labelled indisputable. The reason it was followed was that since no one could actually challenge their message; they destroyed everything in their way to ensure it. Cohen really describes the transgression well as he describes it progress thru the ages and develop into what amounts to an international conglomerate. They opened up many different franchises, preaching the same message. Of course the message had its deviations; much of the churchââ¬â¢s beliefs stemmed from the local saints. As saints were given more and more power; this was another good way of getting the locals to support their cause. It is remarkable at the amount of effective propaganda that came from the church in the earlier period of history; as there is not too much in the way of intelligent, centralized, effective messages before that time period. The church truly did stand the test of time even until today. It has and had tremendous effects over peopleââ¬â¢s lives as they try to come to terms with the world around them. The reason itââ¬â¢s so important is that even though Gods message has always been around over time, no one was more able to use it to their advantage other than the Catholic Church. The message became centralized and faith was transferred from God to local Saints, which also took away from any truth that the church might have brought with it. Their reason for doing it may be obvious, in that they ended up controlling massive amounts of territory and even holding sway over Kings and Nobles; the ultimate aphrodisiac happens to be power. The church had no boundaries so it could cross vast amounts of areas relatively untouched. Cohen s article really is a shocking look at some of the practises of the Clergy creating magnificent churches and housing ââ¬Å"Holy Relicsâ⬠in them to prove their point. This is the precursor to what we knew as propaganda as it seems the Catholic Church must have had people working for them who knew how to get the masses attention. Their organization stood the test of time; and possibly did everything they possibly could to maintain it. Towards the end of the Churchââ¬â¢s iron grip over Europe, the organization was so engrained in the peopleââ¬â¢s hearts and minds that it, even hundreds of years later, still holds tremendous sway over what kinds of decisions people make in their lives. Even if there are not as many people who follow the Catholic Church as much as they would have done in the past, the Pope is regarded as an important symbol for peace the world over (even though the words peaceful and the Roman Catholic Church can hardly be used in the same sentence). It appears that the Church values its image very highly, and tend to move with the times according to the general feeling what it would consider its subjects. In the past, the church would not hesitate to use force to establish themselves in a certain area; but in this politically charged world, they have given themselves more of a cleaner image by not physically attacking their opposition. It is shocking to read about how they Church went as far as to make fake relics filled with tears, etc. Going to the lengths they went to, it is clear how they could have held so much power. The Catholic Church was known to be ruthless in their all encompassing network. They went to great lengths to preserve this power. This is evident from the very beginning of the church as its entire history is drenched with warfare and power grabbing. One of the tools church had at its disposal was the power of knowledge, which it did its best to hoard. Knowledge is power, and keeping the masses ignorant helped it keep its power structure. The Catholic Church confiscated or destroyed everything that it considered against the church. This led to many works that may have criticised the power structure labelled as heresy; resulting in the torture and death of the writer or anyone associated with it. The article delves into some important details about the manipulation of materials to grab peopleââ¬â¢s attention. The strategies and tactics the church used were remarkable in that they built magnificent cathedrals just so they could bring in pilgrims to show them holy relics, which they were told had special powers. Having the knowledge and expertise to build such churches at such a time shows a very large concerted effort to push an agenda forward. The Catholic Church has truly stood the test of time in many ways; they were able to successfully push their message across and labelled it undisputable, at the same time making an effort to expand and keep the people eating from their hands. Even today, there are very few in politics who would dare cross the line to admonish the church, as it would mean suicide in the world of politicians. They would rather have the church as an ally, which does tend to give them a better image in the publicââ¬â¢s view. In the past and even now, top elected officials have to appear to be faithful, or otherwise the mentality of the voting public would hardly chose them. In ââ¬Å"Critical Theory and TechnoCulture: Habermas and Baudrillard,â⬠Karl Marxââ¬â¢s theories are reviewed by two big contributors to communication theory: Jurgen Habermas and Jean Baudrillard. Mark Poster writes about how these two theorist dove into the areas where Marx was ambiguous and tried to explain the situation in more detail. Although they werenââ¬â¢t completely successful in their quest to explain the behaviour of mankind, Habermas and Baudrillard did make a big leap forward in their respective contributions. One of the problems with Karl Marxââ¬â¢s theories is that he tends to overlook or downplay the parts that are uncertain. Habermas and Baudrillard talked about how Marx failed to acknowledge basic communication theory, and the fact that he ignored technology as one of the biggest drivers of human civilization. Marxââ¬â¢s only aim seemed to be was the wage labourer to free himself from the greedy capitalist. Mark Poster attempts to ask about the theories of Karl Marx is that: did Marx give enough reasoning behind the relationships between technology and culture, labour and symbolism in work, and whether he really understood human consciousness? His argument is that Marxââ¬â¢s vision was too easy, and that he did not pay attention anything that was too complicated to explain or did not fit as part of his predictions. Poster understands that Marx knew his history, and was very knowledgeable about his topics, but there were still gaps in his writings that needed further explanation: The critique of political economy explores every turn of the capitalist structure; the critique of cultural politics is general, vague, and undeveloped. â⬠[1] Poster explains that when Marx was doing his analysis, he did not theorize enough about the nature of social communication and how technology becomes signified objects. Technology is peculiar as it seems to have a two pronged approach; one where it levels the playing field for general society, or one where it extends the gap between the haves and have notââ¬â¢s. Language is termed as one of the central tools of social interaction and that needed more explanation before the theory could be complete. Without this missing piece, Marx was way off in his predictions of what would happen to capitalism and the role of workers. The spread of bureaucracy also solidified the way language was used. Technology and the change it brought also included change in language structure. The essay goes on to explain the extensions that Jurgen Habermas and Jean Baudrillard make to the critical theory. One of Habermasââ¬â¢s arguments is that Marx was unable to distinguish between emancipation and science. Habermas came from a school of thought which was worried about the fact that the scientific movement became the reason for domination, instead of it being used as a tool for freedom. He believes that Marx had left out the communication and language aspect of individuals which is a major part of our behaviour. For Habermas, speech has an important aspect as it can be used to distort the truth and can be a means of domination. His argument is that any time a speech situation fails; it can be down to the class struggle which Marx talked about. Of course, in practise, it is very difficult to find an ideal speech situation; making it difficult to analyse the truth. Jean Baudrillard criticizes Marxismââ¬â¢s analysis Marx analysis of the mode of production as the driving force of society. Commodities become social signifiers rather than something useful. One of the problems Baudrillard sees with Marxist ideology is that he ignores culture. The problem with Marx is that he never saw the symbolic nature of products and production. Baudrillard maintains that products become symbols whether by intention or not. The word ââ¬Å"hyper-realityâ⬠is used to describe the fact that products began to contain their own reality; that is, nothing becomes more than ownership of the product itself. There is much missing from Baudrillards theories. He fails to describe what he meant by the ââ¬Å"code,â⬠which is how he described the relationship between consumers and consumed. At some points, he failed to realize the real positive potential that the media brought with it. But what Baudrillard brought to critical theory was remarkable. The insights provided by him went beyond convention to explain these theories in more detail. Mark Posters article brings a lot of interesting points about the missing pieces in Marxââ¬â¢s theories. There were many missing pieces of Marx and some of them are pointed out from the writings of Baudrillard and Habermas. One feels that Marx did leave out many details of his work, because people do not necessarily think about working for the state in the way it was described. Marx did not realize the importance of technology and its place in society. But in his world, there would not be much room available for research and development. When we put technology as a big part of human evolution, good things happen as the quality of life has improved. The idea behind everyone in society being equal sounds nice; but in practise, is rarely possible. The elements of language and technology where important to the framework of human interaction, this is one of the reasons why Marxââ¬â¢s predictions didnââ¬â¢t go to plan. He did not envision the fact that politicians would use bureaucracy to further establish their control over society. This use of language was not present in earlier periods, which may be why it may have been overlooked. New technology also changed the way language was used to further complicate the communication process. Technology also brought with it further divisions between those who have it and those who donââ¬â¢t. New products or technology has a materialistic nature to it that is still unexplained with the critical theory of Marx. One of the reasons Marx may have failed to have predicted violent revolt from the masses is that they do not want violent rebellion. Marx failed to foresee the fact that people would try to work together by creating unions and similar institutions to protect themselves from undue distress from their work. Marx was half right in that the powerful capitalists at the time were exploiting their workers for mostly the ownerââ¬â¢s benefit. The other half that Marx did not envision was that most people would not choose violence; given the circumstances force became the last possible option. Technology also helped the regular working class to live comfortably by at home. Habermas picks up where Marx left in the explanation of critical theory. There were many missing pieces that Marx did not talk about; some of these were about technology and communication theories. Technology changes over time and can be very beneficial to us; failing to see its advantages and disadvantages is ignoring a big aspect of human behaviour and actions. As technology improves, our lives improve as well and modes of production change as well. Of course the other aspect of technology is that it can be used to dominate. Marx should have explored this topic further and he would have understood the consequences better. Ignoring these ideas shows that Marx probably had his own agenda in place as he wrote his theories. He may have deliberately left these things out in his argument to make it seem simpler than it first appeared. Maybe if he mentioned technology, it would have opened up a new world to mention and explain. The same can be said when it came to the communication aspect of Marx. Habermas also mentions how class struggle is bourne out of a failure in communication. This statement has a lot of fact because it is ultimately the class we identify with as the class we understand. The aspirations and lives of those who are poor are different than those of the middle class or ultra-rich, and those 3 groups barely understand one another. But these divisions will always exist ââ¬â there will always be people who are well off and those who are not, even in a ideal communist society. Mark Poster also writes about how Habermas tries to fill in the gaps of communication theories left unexplained by Marx. Would the masses really want a violent revolution? People do not have a thirst for warfare; it is usually forced upon them by their leaders. Having endless war to bring about easier lives does not seem too economical; so they would prefer resistance by nonviolent means as it is understood that they are the drivers of the system. Without their input, machinery could not move, so the ââ¬Å"greedy capitalistâ⬠was somewhat marginalized by labour unions and laws. Marx failed to see this, even though the powder keg was definitely in place. Habermasââ¬â¢s theories about the ideal speech situations are interesting. There would be very few times indeed that it would be true. It seems possibly one of the societies that come to mind that bear a place for the ideal speech would be the oral Greek tradition. A man who knows how to use speech could possibly get away with murder if he knows how to sway the audience. Again, the ideal speech situation might not garner good things; it may present powerful people with bad intentions using it to dominate their society. Baudrillards arguments about Marx have also have also showed gaps about critical theory. He feels that it can be dangerous for a society to be solely reliant on commodities for the states benefit. Every society has some sort of culture that it brings. Marx, in Baudrillards view, ignores culture as one of the major driving forces of society. Culture is ultimately what decides the direction society takes and the ideas it chooses to adopt. An idea from one culture might not be acceptable in other cultures, so it becomes difficult to transmit ideas across nations. Marx does not mention these facts and pretty much ignores them. It is difficult to understand how Marx, who was well aware of history and its nuances, could ignore such an important factor. Baudrillards analysis of products is an interesting one. It is remarkable that he could see that commodities become status symbols. This is exactly what happens to products; they become more for show than for the function they are supposed to carry. This is evident is the advertising that is presented in the mass media. These status symbols can become part of who we are as people, and this has always been the case throughout history; whether it is gold and other precious metals and stones in the past, or Bentlys and Valentino suits today. These things cannot change under any kind of rule, so ignoring these facts means ignoring our general makeup. In missing this analysis, Marx ignores the true nature of products and production; to keep the masses quite and consumed. One of the pieces missing from Baudrillard is the proper explanation of what he meant by his ââ¬Å"code. The reader gets a sense of what he meant by reading and analysing his work, but a good definition would go a long way in explaining just what he was talking about here. It is unclear whether he is talking about the materialistic nature of things or the guidelines by which they are advertised. It is remarkable that Baudrillard understood these facts; he would have witnessed firsthand, the world of advertising taking its current form. This new form stopped advertising things with simple functional messages, and started advertising them with relation to fantasies that play against our minds to capture our attention. Early psychologists understood this and used their knowledge to help advertisers come up with these new messages. Mark Poster tries to explain the missing parts of Marx critical theory. The missing gaps were quite gapping and Jean Baudrillard and Jurgen Habermas exposed many of them. The essay delves into these gaps and tries to explain the missing pieces, as told by well known communication theorists. It seems that Marx, rather than a genuine interest in the freedom for man, has an agenda behind his writings. There as so many important gaps that he just completely ignored, so this scenario seems likely to be true. Technology and culture are important to us, without them, we can become aimless and self destructive. Poster brought it together very well by indicating that there are many parts still to be explored, indicating the work on the complete analysis for critical theory is still incomplete. Bibliography Cohen, Esther. ââ¬Å"The Propaganda of the Saints in the Middle Ages. â⬠Journal of Communication, 1981. Poster, Mark. ââ¬Å"Critical Theory and TechnoCulture: Habermas and Baudrillard. â⬠In The Second Media Age. Cambridge: Polity Press, 1992. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â [1] Poster, Mark ââ¬Å"Critical Theory and Technocultureâ⬠pg. 97
Risk Management and financial derivatives Essay
Risk Management and financial derivatives - Essay Example In this regard, pharmaceutical firms are relatively more volatile than most companies in other industries ("Risk Management in the Pharmaceuticals Industry" 2005). This paper discusses the major business risks that have significant impact on pharmaceutical companies, specifically AstraZeneca. Moreover, it explains how the company utilises derivative financial instruments such as interest rate swaps and forward foreign contracts to minimise its exposure to financial risks brought about by fluctuations in the interest rate and exchange rate. This paper also presents alternative strategies that the firm can adopt in order to hedge against these risks. Based on their annual reports, AstraZeneca and other multinational pharmaceutical companies including GlaxoSmithKline and Merck have identified risk factors affecting their operations. These are summarised as follows: Most pharmaceutical companies have recognised that the pharmaceutical companies throughout the world have become highly competitive ("Risk Management in the Pharmaceuticals Industry" 2005). AstraZeneca cited that industry consolidation have resulted in the establishment of few but very large and formidable companies which are able to match, if not exceed, the firm's resources allocated for research and development as well as marketing. This threatens the company's competitive edge, thus, directly impacting its bottomline ("AstraZeneca Annual Report" 2004). Similarly, GlaxoSmithKline explained that product innovations and advent of technological advances which competitors may adopt could adversely affect the firm's operating results ("GlaxoSmithKline Annual Report" 2001). These factors have facilitated the emergence of new global players, particularly in the markets of China and India, which are playing increasingly significant roles in the business models of industry players ("China and India: Risk and Returns in Asia's Blockbuster Pharma Markets" 2005). Apart form these, AstraZeneca also mentioned that risk relative to competition is aggravated by the loss or expiration of patents, marketing exclusivity and trademarks. The company noted that once patent protection or other types of marketing exclusivity for a certain product have expired, lower priced generic copy products may be legally manufactured. The introduction of generic products generally leads to substantial loss of sales for the pharmaceutical companies' proprietary products ("GlaxoSmithKline Annual Report" 2001). The competition from generic medicines exerts downward pressure on profit margins and results in decreasing revenues. This is evidenced by the study conducted by Deloitte which asserts that the very large number of drugs coming off patent in the next three to five years equates to billions of dollars in current in potential sales. However, it is estimated that the pharmaceutical giants could lose about $35 billion to $50 billion in product sales during the said time frame due to competition from generic brands. (Rhodes & Mulder 2004) Regulatory Approvals and Price Controls Pharmaceutical companies are also facing increasing pressures from regulatory bodies in various countries. In
Tuesday, August 13, 2019
Martin luther king paper Essay Example | Topics and Well Written Essays - 500 words
Martin luther king paper - Essay Example These victories were achieved a year and two years after Lutherââ¬â¢s electrifying speech of 1963 delivered from Lincoln Memorial. Advancement towards racial equity was also evident for Africa Americans by 1968. With such historical changes within Americaââ¬â¢s after Lutherââ¬â¢s great speech, this paper explores ethos and logos as use in his speech moving people to embrace change. Logos rhetoric is used in the speech excellently and is demonstrated through high-level reasoning and logical plea. Everything that Luther says is justified like the generalization concerning segregation and discrimination. For instance, the speech begins by stating Americaââ¬â¢s history followed by an explanation of the reasons why there was a meeting. According to Luther, a time had come when Godââ¬â¢s children would enjoy opened ââ¬Å"...doors of opportunityâ⬠¦Ã¢â¬ Luther also explained clearly the reason for holding the meeting at Washington as intended at ââ¬Å"â⬠¦cash a checkâ⬠¦Ã¢â¬ (852) This meant that all men, black and white, would be certain of alienable rights, pursuit of happiness, and liberty and this words aligned with independence declaration. Luther analogously presented the way thing were during the independence days and the way things would be in coming days. He cites that ââ¬Å"We cannot be satisfied â⬠¦Ã¢â¬ (854) walking unaccompanied, with exhausted bodies, or with children robbed their self-esteem and their adulthood exposed. One great usage of pathos was Luther himself. He was an unbearable symbol of American the wrongs in Americaââ¬â¢s culture and the Americans themselves resulting to his idolization and coronation with a national holiday in Lutherââ¬â¢s name. Such an honor indicates the extent to which Americans trusted Luther and supported his call to protest, demonstrate, and march in search of an America free from racism, materialism. The speech also uses
Monday, August 12, 2019
Complex Nursing Case Study Example | Topics and Well Written Essays - 3000 words
Complex Nursing - Case Study Example ARDS is the primary diagnosis bringing with it many long term and short term problems that will are assessed throughout the paper. Nursing assessment begins with heart and lung status including the review of best in practice studies recently done to support decisions made, as well as determinations of care. This status includes the discussion of "copious green sputum" which has developed in this client and the most recent evidence based practice from research. Colon resection is discussed in its own right but also as part of the possible cause of ARDS. There are assessment skills discussed related to this surgery and the possible outcomes including ARDS. Nursing skills related to this assessment are discussed. There are also discussions related to the neurological and sedated state of the client and what is included in that assessment as well as nursing plan for care. This client has skin integrity issues both related to the ARDS and to the fact that the patient is sedated and on a ventilator. There are very specific assessments discussed here as well as research of evidence based practice that is included to support this assessment and plan. Medications and the assessment as well as practice needed as an integrated part of care is included in this discussion and last but not least, the psychosocial impact for this client is enormous. This client has a young family and a business that he must run. Mortality rates for ARDS related to colon resection are quite heavy. This is discussed as part of the nursing assessment in the sense of both short and long term impact. ICU Case Review In all cases the ICU nurse must begin the shift with a complete assessment of what the status of the client is. The history of the last twenty four hours is presented in the transfer report from one nurse to the other. A full physical assessment is then done on the client from head to toe. In this case the assessment begins with the chest and lungs assuring appropriate ventilation and cardiac status for this patient. This assessment continues by assessing output affected by both cardiac and pulmonary status as well as abdomen with the consideration that this client is a recent surgical client with a colon resection. Medications that the patient is receiving are assessed as well as the resultant sedation from at least one of those. Skin integrity is an important issue for this patient based on his ARDS diagnosis as well as ventilatory and sedation status. There are then ethical and psychosocial considerations for this client. All of these assessments will be discussed in this paper i n combination with studies and evidence based practice research found to support them. The resultant nursing plan for the day will then be presented. At 0700 this client is ventilated at SIMV 8, Tidal Volume 1000, and pressure support 10 cm.H2O. A 500ml bolus of Normal Saline has just been administered. Last vital signs recorded
Sunday, August 11, 2019
The hardness of different materials by Rockwell scale Lab Report
The hardness of different materials by Rockwell scale - Lab Report Example The obtained data is consistent to the hardness tester calibrations. The experiment was done through performing the different tests on metals having the hardness that is known. There was a close similarity between the experimental values and the published values of hardness. From the results, it is evidenced that cast iron was the hardest material followed by 1018 steel, brass and lastly aluminium. Aluminium is considered to be relatively durable, soft, lightweight, malleable and ductile metal having an appearance that ranges from silver towards dull grey. Its appearance is dependent on the roughness surface. Aluminium is nonmagnetic and has a low potential for ignition. An aluminium fresh field acts as a good visible light reflector and a delightful reflector of far and medium infrared radiations. Pure aluminium has the yield strength of 7 to 11 MPa whereas its alloy has a yield strength of about 200MPa-600MPa. Studies conducted on the hardness of aluminium found out that aluminium ââ¬â¢s hardness is one third that of steel. This research argued out that aluminium was less hard than steel. The hardness of cast iron was close to that of 1018 steel.On the other hand, the hardness of brass changes according to its treatment and preparation and treatment. The hardness may reduce whenever the annealation is done at temperatures that are elevated (Zhang 2). The acoustic and malleability characteristics of brass make the metal be extremely useful in musical instruments such as trumpets (Anyalebechi 2).Ã
Saturday, August 10, 2019
Strategic And Workforce Plan of WeaveTech Article
Strategic And Workforce Plan of WeaveTech - Article Example It has to be noted that as the plan is rolled out, there are certain changes also needed in other aspects of the HR system as a whole which include training programs for other employees as well as reviewing the structure of the organization to ensure that there is compliance with the envisaged workforce plan. The business metrics that can be used to track the success of the organizational goals and initiatives include performance measurement. The legal implications of this workforce plan relate to federal regulations that stipulate that employees that have been made redundant are entitled to their full benefits and packages and this can strain the organizationââ¬â¢s financial position. Indeed, there are compliance issues with the federal law and regulations that should be taken into consideration. Such risks can be mitigated if the downsizing process is carried over a gradual period such that the transition does not impact on the operations of the organization. From the case of We aveTech, internal information required in the development of the workforce plan pertains to elements such as skills development, identifying the gap in terms of the needs of the employee where training is required as well as reviewing the operations of each department in order to streamline them towards the attainment of the set goals and objectives. External information, in this case, relates to headhunting where the executive management should try to look for people with the best talent to replace the managers going to be laid off.
Friday, August 9, 2019
Using illustrative examples, examine why competition authorities might Essay
Using illustrative examples, examine why competition authorities might be concerned about the way large companies behave - Essay Example It has been evident that many large firms indulge in unfair competition to gain advantage over their competitors by unfair means (Hewitt, Clark and Phillips, 2009); therefore competition authorities across the world are concerned about their behaviour. Firms grow so large that unilaterally they harm competition through monopolising the market and take advantage of their size to block threats arising from potential or existing competitors (Hewitt, Clark and Phillips, 2009). For example Microsoft the worldââ¬â¢s largest software company indulge in similar such practices that denied other software companies an opportunity to build and market products competing with Microsoftââ¬â¢s products by building licensing agreements that were restrictive, exclusionary and unreasonable and thus monopolizing the client operating- system market by anti- competitive strategies (Justice, 1994 and Bloomberg, 2012). Large companies often make vertical or horizontal agreements with other firms called as cartel to fix prices not considering the reaction of either of its rivals or customers. Dominant firms fix higher price knowing that their customers have few alternatives and little choice other than accepting the firmââ¬â¢s offered higher price (The Competition authority (a), 2013). For example Automobile giant Daimler Mercedes-Benz found guilty of fixing prices in collaboration with five of its van and truck dealers, also shared sensitive commercial information and to some extent market sharing that negatively affected the competition in UK market however they were fined by UKââ¬â¢s antitrust authority of about à £2.6 Million (Reed, 2012 and Binham, 2013). Apart from fixing prices they also control markets or production or make agreements to share markets or supply sources so that rivals supply sources gets restricted. When doing business with other trading parties they put different
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