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.
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A) variable B) invisible C) fixed D) periodic E) budgeted
The age of customers at a local hardware store follows a uniform distribution over the interval
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