Aken Laboratories,a chemical manufacturer for laboratory use,exports its products to various countries in South Asia.The company does not alter the prices of its products in these countries.Aken is adopting a _____ pricing strategy.

Question

Quizplus · Accepted Answer

Aken Laboratories is adopting a standard worldwide pricing strategy as it is keeping the same prices in all the countries it exports its products to. A market-differentiated strategy would involve adjusting the prices based on specific market conditions in each country, while a variable strategy involves changing the prices based on factors such as demand and production costs. A dual strategy would involve using different pricing strategies for different products or markets, which is not the case here. Therefore, the best choice is C.

Aken Laboratories,a Chemical Manufacturer for Laboratory Use,exports Its Products to Various