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Why Can the Same Product Have Different Prices in Two

question 8

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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?


Definitions:

Technological Improvement

Advances and innovations in technology that enhance efficiency, productivity, or capabilities in various sectors.

Product Demand

The amount of a product or service that buyers are ready and capable of buying at different price levels over a specified time frame.

Decreasing-cost Industry

An industry wherein an increase in the scale of production leads to a reduction in the average cost of production.

Input Prices

The costs associated with purchasing the raw materials, labor, and other factors of production required to produce goods or services.

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