Many people are surprised to find that the price they pay in for home country products may be twice as much in a foreign country.This change is price is referred to as _____________.
A) Price escalation
B) Price scaling
C) Cost-plus pricing
D) Cost-based pricing
E) Price fluctuation

Question

Quizplus · Accepted Answer

Price escalation refers to the increase in the price of a product when it is exported from its home country due to various factors such as transportation costs, tariffs, taxes, and fees. This can result in a significant price difference between the home country and foreign markets. The other options (B, C, D, E) do not accurately describe this phenomenon.

Many People Are Surprised to Find That the Price They