Philippine competition Act

Question 1

True or false. Philippine competition act shall likewise be applicable to international trade having direct, substantial, and reasonably foreseeable effects in trade, industry or commerce in the republic of the philippines including that result from acts done outside the republic of the philippines

Answer 1

true

Question 2

True or false. The philippine competition act shall likewise apply to the combinations or activities of workers or employees or to the agreements or arrangements with their employers when such combinations activities agreements or arrangements are designed solely to facilitate collective bargaining in respect of conditions of employment

Answer 2

not apply; false

Question 3

It refers to any type or form of undertaking, collective recommendation, independent or concerted action or practice whether formal or informal

Answer 3

conduct

Question 4

It refers to information which concerns or relates to the operations, production, sales, shipments and other business transactions

Answer 4

confidential business information

Question 5

It refers to a position of economic strength that an entity or entities hold which makes it capable of controlling the relevant market in dependently from any or a combination of competitors, customers suppliers and or or consumers

Answer 5

dominant position

Question 6

It refers to the market in which a particular good or service is sold and which is a combination of the relevant product market and the relevant geographic market

Answer 6

relevant market