Concept information
Preferred term
Robinson-Patman Act
Definition(s)
- a federal law, passed in 1936 to supplement the Clayton Antitrust Act, prohibiting undue price discrimination and also regulating and controlling promotional allowances given by manufacturers to retailers; all such allowances must be made available to the trade on “proportionally equal terms.” Banned offering different prices to different buyers of the same commodity when the effect would be to lessen competition or create a monopoly. Hoped to protect small independent retailers from chain-store competition (sometimes referred to as the “Anti-Chain-Store Act”).. [Source: Dictionary of Marketing Communications; Robinson-Patman Act]
Broader concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-D6H6895L-6
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