Wholesaler

Intermediate in the distribution chain that buys the product in mass quantity from the manufacturer, and sells it in smaller quantities to distributors or retailers. Source: Glossary of terms used in EU competition policy, Antitrust and control of concentrations,...

White clause

Provision contained in certain block exemption regulations, listing agreements or practices that are presumed not to prevent, restrict or distort competition within the common market and that are therefore generally considered compatible with EC competition law. The...

Vertical agreement

Agreement or concerted practice entered into between two or more undertakings each of which operates, for the purposes of the agreement, at a different level of the production or distribution chain, and relating to the conditions under which the parties may purchase,...

Variable costs

Costs that vary with the amount of production. Examples are the costs of material and energy used in the production process. Source: Glossary of terms used in EU competition policy, Antitrust and control of concentrations, European Commission, 2002 Share...