When a Firm That Allows Global Subsidiaries or Distributors to Set

question 151

Multiple Choice

When a firm that allows global subsidiaries or distributors to set their own prices on its products, based on their understanding of the local market environment and without concern for the products' prices in other markets, it is using a(n) ________ pricing strategy.

• A) extension
• B) ethnocentric
• C) polycentric
• D) geocentric
• E) free trade

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Definitions:

Rituals

Set patterns of behavior that are performed as part of a cultural or religious practice.

Primitive Societies

Refers to early societies that had not developed significant technological advancements, complex social structures, or written language.

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A color that is part of the blue hue family, typically associated with calmness, serenity, and stability, often used to evoke a sense of peace and tranquility.

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A geographical region located to the east of the Indian subcontinent and south of China, comprising countries like Thailand, Vietnam, and Indonesia.