Examlex
In Chinese markets,Nike had a problem using the "Just Do It" attitude which was not found to be appropriate.Finally,Nike decided to use Chinese athletes in their promotion.This type of adaptation was needed due to:
Price Fixing
An illegal agreement among competitors to fix, control, or maintain the price of goods or services at a certain level, often leading to antitrust violations.
Antitrust Action
A legal step initiated to prevent or reduce anti-competitive practices, promoting fair competition in the market.
Competitive
Competitive refers to the characteristic of entities that are in a state of rivalry, vying for the same objectives or markets.
Chicago School
refers to a school of economic thought that promotes free-market principles and holds that economic freedom leads to economic development.
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