MKTG 508 Test Ch 21 Quiz (2016) Graded

Jul 7th, 2016
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Question QUESTION 1 When companies are setting prices in different countries, the problem with setting a market-based price in each country is that ________. it allows intermediaries in low-price countries to reship their products to high-price countries the company would earn the same profits everywhere, regardless of the cost structure this strategy might price the product out of the market in countries where costs are high this strategy would make the price too high in poor countries and not high enough in rich countries it prevents the company from differentiating its products 5 points QUESTION 2 Dumping occurs when ________. a company entering a foreign market charges either less than its costs or less than it charges at home a company entering a foreign market charges more than the price in its home market a company entering a foreign market charges prices that are lower than those charged by its competitors in this market a company sets its price equal to its avera

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MKTG 508 Test Ch 21 Quiz (2016)Report this Question as InappropriateQuestionQUESTION 1When companies are setting prices in different countries, the problem with setting a marketbased price in each country is that ________.it allows intermediaries in low-price countries to reship their products to high-price countriesthe company would earn the same profits everywhere, regardless of the cost structurethis strategy might price the product out of the market in countries where costs are highthis strategy would make the price too high in poor countries and not high enough in richcountriesit prevents the company from differentiating its products5 pointsQUESTION 2Dumping occurs when ________.a company entering a foreign market charges either less than its costs or less than it charges athomea company entering a foreign market charges more than the price in its home marketa company entering a foreign market charges prices that are lower than those charged by itscompetitors in this marketa company sets its price equal to its average cost of productiona company exports its products to a foreign country to increase its revenue in spite of excessdemand in the home country5 pointsQUESTION 3Forward invention is ________.creating a new product to meet a need in another countrycreating a new product to meet the need in the home countryinventing products that are superior to competing offeringstaking an existing product into a new marketinventing something that as

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