Omega,IncIs Considering International Expansion and Wants to Know If It

question 50

Multiple Choice

Omega,Inc.is considering international expansion and wants to know if it is likely to command a high price for its fitness product.In which of the following situations can Omega,Inc.command higher prices for its fitness product in a foreign market?

• A)the product is widely available in the foreign market
• B)sales volumes is relatively low in the foreign market
• C)the product offers greater value to customers in the foreign market
• D)the product is more suitable to other foreign markets
• E)domestic competitors are selling alternatives at reduced prices

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Definitions:

Behavioral Differences

Variations in actions or reactions among individuals or groups due to genetic, environmental, or psychological factors.

Genes

Units of heredity made up of DNA that carry genetic information and are responsible for inherited traits in living organisms.

Prescribe Drugs

The act of a medical professional authorizing the use of specific medications for a patient to treat an illness or condition.

Industrial/Organizational Psychologists

Professionals who apply psychological principles and research methods to the workplace to improve productivity, culture, and the well-being of employees.