Tottenham Tartans,a British clothing firm,is concerned about export price escalation in its Brazilian market.It should consider

Question

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Promoting its products as luxury items would enable Tottenham Tartans to differentiate its brand from competitors and avoid being perceived as too expensive or being associated with cheaper, lower-quality alternatives. It would also allow the company to justify a higher price point and to target wealthy consumers who are less sensitive to price increases or exchange rate fluctuations. This would help mitigate the impact of price escalation in the Brazilian market and maintain profitability. The other options, such as establishing a cartel, increasing transfer prices, or establishing price controls, are illegal or unethical and may result in regulatory and reputational risks or penalties.

Tottenham Tartans,a British Clothing Firm,is Concerned About Export Price Escalation