Baselines run north to south every 24 miles

Assume that a Gucci handbag sells for $60 in Italy and $240 in the United States because Gucci must add the cost of transportation, tariffs, importer margin, wholesaler margin, and retailer margin to its factory price

This information indicates that Gucci faces a ________ problem. A) dumping B) tariff C) licensing D) product adaptation E) price escalation

Aric purchased a digital camera at a significant discount. Though the camera did not have all of the features he had wanted, he was pleased with the reduced price

Aric thought the photos he took with the camera were of a high quality, but he was disappointed that the camera did not have a larger memory and that its batteries needed to be replaced so frequently. Aric is best described as a ________ customer. A) loyal B) delighted C) defecting D) product champion E) switchable