When companies sell their goods abroad, they face a price escalation problem. Define price escalation
What will be an ideal response?
A firm must add the costs of transportation, tariffs, importer margin, wholesaler margin, and retailer margin, as well as the currency-fluctuation risk while selling the product in another country. Price escalation from these added costs and currency fluctuation risk might make the price two to five times as much in another country to earn the same profit for the manufacturer.
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When a business erroneously records expenses as assets, it has violated the measurement issue of
A) communication. B) classification. C) valuation. D) realization.
Mikaela Shiffrin motivated herself in the Winter Olympics through self-leadership strategies that involved:
a. the physical and psychopathic levels of behavior b. the mental and metaphysical levels of behavior c. the physical level of behavior d. the physical and mental levels of behavior
On-time delivery and elapsed time between customer order and product delivery should not enter into the process of developing cost standards
Indicate whether the statement is true or false
In the Harrah's Cherokee Casino and Hotel case study, the revenue management system modified room prices based on demand and offered the same price/availability to all customers at any one time
Indicate whether the statement is true or false