Latin Shoes markets high-end footwear.When determining a pricing policy for its Asian markets,the firm should consider

Question

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Discretionary income of buyers should be considered when determining pricing policy for high-end footwear. Discretionary income refers to the money that a person has left over after all necessary expenses have been paid. Since high-end footwear is a luxury item, customers must have discretionary income to be able to afford it. Therefore, understanding the discretionary income of potential buyers is important when determining pricing policy.

Latin Shoes Markets High-End Footwear