What does allocating customers mean?

allocating customers meaning in Urban Dictionary

The worst antitrust offenses are cartel violations, price fixing, bid rigging & buyer allocation. Price-fixing is when 2 plus contending vendors agree with just what prices to charge, ex: by agreeing that they can increase costs a certain amount or which they will not sell below a specific cost. Bid rigging occurs when 2 plus companies consent to bid in such a way that a designated firm submits the winning quote, typ for neighborhood, state or fed gov contracts.Customer-allocation agreements incorporate some arrangement between competitors to separate clients, such as for example by geographic location, to lessen or expel competition. Such price-fixing, bid-rigging & customer-allocation agreements, unlike combined analysis agreements for ex, supply no plausible offsetting advantageous assets to customers. These agreements are generally key, & the participants mislead & defraud consumers by continuing to hold by themselves completely as competitors despite their particular contract not to contend.Price repairing, quote rigging & customer allocation damage consumers & taxpayers by causing all of them to pay for more for items & solutions & by depriving them of other byproducts of real competition. Nor is there usually any question within the thoughts of violators that their particular conduct is illegal. Such practices improve the price of something or service by significantly more than ten percent, occasionally far more, & that Amer consumers & taxpayers pour billions of $ each yr to the pouches of cartel members. Those who simply take customer & taxpayer $ because of this tend to be thieves.