3,0 DEF IN IT IONS
3. 1 The following definitions are adopted for the Rurpose of the Competition
Policy:·
a)
Acquisition:
acquire:
means directly or indirectly, acquiring or agreeing to
i)
shares, voting rights or assets of any enterprise; or
ii)
control over management or assets of any enterprise.
b)
means activity arising from the operations. of two or more
entities offering products and services in a manner that is consisfent
with acceptable competitive business behaviour and conduct, disabuse
of dominant power in the market place, and fair business practices.
c)
as distinct from competition, refers to the ability of two
or more entities to offer products and services whose quality and
prices compare favourably with those of competitors in specific market
segments.
d)
e)
f)
Competition:
Competitiveness:
Conglomerate Merger: means a group or corporation formed by the
merging of two or more separate and diverse firms.
Consumer:
means any person who:
i)
buys any goods for a consideration which has been paid or
promised or partly paid and partly promised or under any system
of deferred payment for personal use or resale;
ii)
hires or avails of any service for a consideration which has been
paid or promised or partly paid and partly promised or under any
system of deferred payment for commerciai use or for resale.
refer to conditional arrangements under which
Government may exclude and exempt certain economic activities or
firms from the ambit of the Competition Policy and/or its re.lated
legislation.
Exclusions and Exemptions:
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