Exam 11: Setting Global Prices

____________________ is the umbrella term that encompasses the trading or exchange of goods or services without using currency.

When discussing transfer pricing, the ______________________ is based on the results of a hypothetical negotiation with an independent business partner.

Which of these is NOT one of the four groups of international pricing decision factors?

A(n) _________ of a domestic currency can stimulate exports and also create new market opportunities.

In a global context, the price that a product can gain in the market often determines its development. For example, in low income countries, price must be in line with _____.

When determining a product's final price, all of the following should be taken into consideration EXCEPT______________.

An important variable to consider in pricing decisions is the ____ of the Product Life Cycle existing in ____ countries.

Why can the same product have different prices in two countries that are next to each other Why is this of concern to a marketer?

Marketers work hard to establish value by setting a reasonable price that matches firm policies and objectives. Customers don't often care about that; they are interested in what the product will cost them. What are the elements of cost that a customer includes beyond the "sticker price" to develop the price that provides value to him or her?

In some cases, exchange rate risk could be shifted to buyers if the buyer agrees to pay using the exporter's currency. However, there may not be a choice if the trade conventions are ____.

The __________ method focuses on setting prices by fixing a profit margin over established product costs and thus ensures a more stable, predictable profit.

___________________ implies the same price position strategy across different markets.