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Most-Favoured-Customer Clause
A Most-Favoured-Customer Clause (MFC) is a contractual arrangement between vendor and customer that guarantees the customer the best price the vendor gives to anyone. The MFC prevents a company from treating different customers differently in negotiations. For example, on July 20, 2011, American Airlines announced an order for 460 narrowbody jets including 260 Airbus A320s. The order broke Boeing's monopoly with the airline and forced Boeing into the re-engined 737 MAX. As this sale included a "most favoured customer clause", the European airframer has to refund any difference to American Airlines if it sells to another airline at a lower price. Big box retailers such as Wal-Mart and Costco often use their monopoly A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situati ... power to demand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contract
A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or rescission. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Contract law, like other areas of private law, varies between jurisdictions. The various systems of contract law can broadly be split between common law jurisdictions, civil law jurisdictions, and mixed law jurisdictions which combine elements of both common and civil law. Common law jurisdictions typically require contracts to include consideration in order to be valid, whereas civil and most mixed law jurisdictions solely require a meeting of the mind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Airlines
American Airlines is a major airlines of the United States, major US-based airline headquartered in Fort Worth, Texas, within the Dallas–Fort Worth metroplex. It is the Largest airlines in the world, largest airline in the world when measured by fleet size, scheduled passengers carried, and revenue passenger mile. American, together with its regional partners and affiliates, operates an extensive international and domestic network with almost 6,800 flights per day to nearly 350 destinations in more than 50 countries. American Airlines is a founding member of the Oneworld alliance, the third-largest airline alliance in the world. Regional service is operated by independent and subsidiary carriers under the brand name American Eagle (airline brand), American Eagle. American Airlines and American Eagle operate out of 10 hubs, with Dallas Fort Worth International Airport, Dallas/Fort Worth (DFW) being its largest. The airline handles more than 200 million passengers annually with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Narrowbody
A narrow-body aircraft or single-aisle aircraft is an airliner arranged along a single aisle, permitting up to 6-abreast seating in a cabin less than in width. In contrast, a wide-body aircraft is a larger airliner usually configured with multiple aisles and a fuselage diameter of more than , allowing at least seven-abreast seating and often more travel classes. Market Historically, beginning in the late 1960s and continuing through the 1990s, twin engine narrow-body aircraft, such as the Boeing 737 Classic, McDonnell-Douglas MD-80 and Airbus A320 were primarily employed in short to medium-haul markets requiring neither the range nor the passenger-carrying capacity of that period's wide-body aircraft. The re-engined B737 MAX and A320neo jets offer 500 miles more range, allowing them to operate the 3,000 miles transatlantic flights between the eastern U.S. and Western Europe, previously dominated by wide-body aircraft. Norwegian Air Shuttle, JetBlue Airways and TAP Portugal w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airbus A320
The Airbus A320 family is a series of Narrow-body aircraft, narrow-body airliners developed and produced by Airbus. The A320 was launched in March 1984, Maiden flight, first flew on 22 February 1987, and was introduced in April 1988 by Air France. The first member of the family was followed by the longer A321 (first delivered in January 1994), the shorter A319 (April 1996), and the even shorter A318 (July 2003). Final assembly takes place in Toulouse in France; Hamburg in Germany; Tianjin in China since 2009; and in Mobile, Alabama in the United States since April 2016. The twinjet has a six-abreast cross-section and is powered by either CFM56 or IAE V2500 turbofans, except the CFM56/PW6000 powered A318. The family pioneered the use of digital fly-by-wire and side-stick flight controls in airliners. Variants offer maximum take-off weights from , to cover a Range (aircraft), range. The 31.4 m (103 ft) long Airbus A318, A318 typically accommodates 107 to 132 passen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing
The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the third-largest defense contractor in the world based on 2020 revenue, and is the largest exporter in the United States by dollar value. Boeing stock is included in the Dow Jones Industrial Average. Boeing is incorporated in Delaware. Boeing was founded by William Boeing in Seattle, Washington, on July 15, 1916. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. Then chairman and CEO of Boeing, Philip M. Condit, assumed those roles in the combined company, while Harry Stonecipher, former CEO of McDonnell Douglas, became president and COO. The Boeing Company's corporate headquarters is in Chicago, Illi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
737 MAX
The Boeing 737 MAX is the fourth generation of the Boeing 737, a narrow-body airliner manufactured by Boeing Commercial Airplanes (BCA), a division of American company Boeing. It succeeds the Boeing 737 Next Generation (NG) and competes with the Airbus A320neo family. The new series was announced on August 30, 2011. It took its maiden flight on January 29, 2016 and was certified by the United States Federal Aviation Administration (FAA) in March 2017. The first delivery was a MAX 8 in May 2017 to Malindo Air, with which it commenced service on May 22, 2017. The 737 MAX is based on earlier 737 designs, with more efficient CFM International LEAP-1B engines, aerodynamic changes, including distinctive split-tip winglets, and airframe modifications. The 737 MAX series has been offered in four variants, offering 138 to 204 seats in typical two-class configuration, and a range of . The 737 MAX 7, MAX 8 (including the 200–seat MAX 200), and MAX 9 are intended to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wal-Mart
Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. Walmart has 10,586 stores and clubs in 24 countries, operating under 46 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Chile, Canada, and South Africa. Since August 2018, Walmart held only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Costco
Costco Wholesale Corporation (doing business as Costco Wholesale and also known simply as Costco) is an American multinational corporation which operates a chain of membership-only big-box retail stores (warehouse club). As of 2022, Costco is the fifth largest retailer in the world and is the world's largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine . In 2021, Costco was ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue. Costco's worldwide headquarters are in Issaquah, Washington, an eastern suburb of Seattle, although its Kirkland Signature house label bears the name of its former location in Kirkland. The company opened its first ''warehouse'' (the chain's term for its retail outlets) in Seattle Through mergers, however, Costco's corporate history dates back to 1976, when its former competitor Price Club was founded in San Diego, California. , Costco has 842 warehouses worldwide: 579 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or company, enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a Market (economics), market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic Competition (economics), competition to produce the good (economics), good or Service (economics), service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jim Sinegal
James D. "Jim" Sinegal (born January 1, 1936) is an American billionaire businessman who is the co-founder and former CEO of the Costco Wholesale Corporation,Allison, Melissa"Costco's colorful CEO, co-founder Jim Sinegal to retire" ''The Seattle Times'', August 31, 2011 an international retail chain. Early life He was born January 1, 1936, into a Catholic working-class family in Pittsburgh, Pennsylvania. He attended St. Lawrence O'Toole primary school, Central Catholic High School (Pittsburgh), Helix High School in La Mesa, California, and earned an AA at San Diego City College in 1955. He attended San Diego State University, graduating with a Bachelor of Arts degree in 1959. Career After Sinegal started as a grocery bagger at FedMart in 1955, he discovered that he loved the retail business, and was excited by the opportunities at this rapidly growing retailer. At FedMart, he worked his way up to executive vice president in charge of merchandising and operations. He was a vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bundeskartellamt
The Federal Cartel Office (, ; BKartA) is Germany's national competition regulatory agency. First established in 1958, BKartA comes under the authority of the Federal Ministry for Economic Affairs and Climate Action. The agency is headquartered in Bonn, the former capital of West Germany West Germany is the colloquial term used to indicate the Federal Republic of Germany (FRG; german: Bundesrepublik Deutschland , BRD) between its formation on 23 May 1949 and the German reunification through the accession of East Germany on 3 O .... Since 2009, Andreas Mundt has served as the president of BKartA. References External links * * {{Authority control Consumer organisations in Germany German federal agencies Competition regulators Federal authorities in Bonn Regulation in Germany ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carson McDowell LLP
Carson may refer to: People * Carson (surname), people with the surname *Carson (given name), people with the given name Places ;In the United States *Carson, California, a city *Carson Township, Fayette County, Illinois * Carson, Iowa, a city *Carson, Kentucky, an unincorporated community *Carson City, Michigan *Carson Township, Minnesota *Carson, Mississippi, an unincorporated community *Carson, Missouri, a ghost town *Carson City, Nevada *Carson, New Mexico, an unincorporated community * Carson, North Dakota, a city *Carson, Oregon, an unincorporated community *Carson County, Texas *Carson, Virginia, an unincorporated community * Carson, Washington, an unincorporated community * Carson, Wisconsin, a town * Fort Carson, Colorado, a United States Army post *Carson Beach, South Boston, Massachusetts, a public beach * Carson Desert, Nevada *Carson National Forest, New Mexico * Carson Park (Eau Claire, Wisconsin) * Carson Pass, through the Sierra Nevada in California * Carson Range, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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