Makson's,a manufacturer of fertilizers and pesticides used for agricultural purposes,modifies the prices of its products exported to foreign markets to include the marketing costs in foreign markets but maintains the same price in all its domestic markets.Its products are more expensive in international markets compared to its domestic market where it is sold at a lower price.This pricing strategy used by Makson's to differently price its products is known as:

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Makson's is using dual pricing strategy where it is charging different prices for the same product in different markets. The company is charging a lower price in the domestic market and a higher price in international markets. This strategy helps the company to cover its marketing costs in foreign markets and also cater to the price-sensitive domestic market. Market-differentiated pricing is when the price of a product is different in different segments of the same market based on factors like age, income, and location. Competitive pricing is when the price is set based on the competition in the market. Standard worldwide pricing is when the price of a product is the same in all markets.

Makson's,a Manufacturer of Fertilizers and Pesticides Used for Agricultural Purposes,modifies