Most companies that conduct international business ________ to ________.
A) adjust their prices; take local market conditions into consideration
B) use promotional pricing; create excitement in new markets
C) use geographical pricing; reduce delivery costs
D) set a uniform price; maintain a consistent product image
E) initiate price cuts; compensate for import tariffs and taxes

Question

Quizplus · Accepted Answer

Adjusting prices is crucial for companies that conduct international business as different countries have different market conditions, varying levels of competition, economic stability, and consumer preferences. These factors impact a product's demand and desired price. Therefore, companies need to take into account these factors to ensure their products remain competitively priced, appeal to the local market, and remain profitable.

Most Companies That Conduct International Business ________ to ________

Most Companies That Conduct International Business to