Which of the following is NOT true regarding global pricing?
A)Firms do not encounter any unique challenges when pricing products globally.
B)Economic conditions over the past decade have impacted global pricing for products.
C)Technological advancements have made global pricing more transparent.
D)Pricing is a critical component of a successful global marketing strategy.
E)Historically,companies have set prices for products sold internationally higher than the same products sold domestically.

Question

Quizplus · Accepted Answer

This statement is not true because firms do encounter unique challenges when pricing products globally, such as variations in currency exchange rates, taxes, and tariffs, as well as cultural differences and varying levels of competition.

Which of the Following Is NOT True Regarding Global Pricing