Prices of products are often higher in a foreign country than the home country due to transportation charges, taxes, tariffs, and exchange rate fluctuations. This change in price from home country to foreign country is referred to as ________.

Question

Quizplus · Accepted Answer

Price escalation refers to the increase in prices of products when they are sold in a foreign country compared to their prices in the home country due to reasons such as transportation costs, taxes, tariffs, and exchange rate fluctuations. The other options (B, C, D, and E) are not accurate descriptions of price changes from home country to foreign country.

Prices of Products Are Often Higher in a Foreign Country