Explain briefly about the ethnocentric global pricing policy
What will be an ideal response?
The ethnocentric global pricing policy requires that the price of an item be the same around the world and that the importer absorb freight and import duties. This approach has the advantage of extreme simplicity because no information on competitive or market conditions is required for implementation. The disadvantage of this approach is directly tied to its simplicity. Extension pricing does not respond to the competitive and market conditions of each national market and, therefore, neither maximizes the company's profits in each national market nor globally.
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Why does the tariff system vary from country to country? Explain, giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs
What are the conditions under which GATT allows the use of preferential tariffs?
Which organization accredits public administration degree programs?
A. the Commission on Private Philanthropy and Public Needs B. the Yale Program on Nonprofit Organizations C. Network of Schools of Public Policy, Affairs, and Administration D. the Nonprofit Academic Centers Council
The great majority of transactions on the NYSE are executed
A) automatically through electronic technology. B) on the trading floor by brokers known as specialists. C) by dealers known as market makers. D) by auction in trading areas known as pits.
Data is recorded facts and figures; information is knowledge derived from data
Indicate whether the statement is true or false