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U.S.-based Pearly People introduced a line of accessories that have been very popular in France, leading the company to want to open a distribution facility there. The marketing manager is optimistic and wants to scale up fast, but the HR manager advises proceeding with caution. What difference between the countries best explains the HR manager's advice?
Product Composition
The combination of different components, materials, or elements that make up a product.
Prestige Pricing
A pricing strategy where prices are set higher than normal because the product is perceived to have a higher value and status.
Price Lining
A pricing strategy that involves offering products at several different price points to provide options for different customer segments.
Price Lining
A pricing strategy that sets a limited number of prices for a specific category of products, thereby simplifying the choices available to consumers.
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