Briefly describe both the benefits and disadvantages in pricing that companies have experienced due to the globalization of commerce
What will be an ideal response?
The globalization of commerce and travel has made consumers much more aware of varying prices across countries. Price competition is exacerbated by the Internet, which has made it easy for consumers to find and acquire a product from just about anywhere in the world. Even companies that do not have multinational operations are affected, as multinational companies are now competing in home markets. However, globalization has benefitted marketers by providing vast potential for product, and price, differentiation based on individual regional, national, and local characteristics.
You might also like to view...
One major advantage of online advertising is the number of metrics that allow advertisers to measure results, almost simultaneously
Indicate whether the statement is true or false
Which of the following is true of liquidation of a corporation?
A) Liquidated assets are used first to pay contract rights of shareholders. B) Common stock has a priority over stock with a liquidation preference. C) Voluntary liquidation is carried out by the corporate officers. D) A court-appointed receiver may conduct involuntary liquidation.
In Erie Railroad Co v. Tompkins, where Tompkins sued a New York company that owned a train that hit him in Pennsylvania, the Supreme Court reversed the decision for Tompkins by the court of appeals because it held that:
a. applying the doctrine of Swift v. Tyson rendered impossible equal protection of the law b. applying the doctrine of Swift v. Tyson rendered impossible avoidance of the in rem problem c. applying the doctrine of Swift v. Tyson created a substantial party problem d. applying the doctrine of Swift v. Tyson created a diversity of citizenship problem e. none of the other choices are correct
A company has recorded the last five days of daily demand on its only product. Those values are 120, 125, 124, 128, and 133. The time from when an order is placed to when it arrives at the company from its vendor is 5 days. Assuming the basic fixed-order-quantity inventory model fits this situation and no safety stock is needed, which of the following is the reorder point (R)?
A. 630 B. 126 C. 1,200 D. 120 E. 950