Answer and Explanation:
When there is price fixing between two competitors, if one competitor chooses to fix the price it should not exceed competutors marginal cost and should be above his marginal cost.
Since the price fixing of $10 will be fined then the ideal price to maximize the profit would be below the competitors price $ and above his marginal cost $.
The ideak price to maximize profits would be (competitors price $ + his marginal cost $)/2, This price would be above his marginal cost and below competitors price.
14 Years.
The rule of 70 is a measure of how long it takes for something to double. 70 is divided by the rate of growth or rate of return.
70/5% = 14 years
Firms pursuing a global standardization strategy focus on the realization of location and experience curve economies.
<h3>What is
a global standardization strategy?</h3>
The capacity to apply standardized marketing messaging and campaigns across markets, regions, and cultures is referred to as a global standardization strategy. Global standardization is used by the world's largest brands, such as Adidas and Coca-Cola, to offer a consistent brand experience across countries and languages.
For example, the Coca-Cola Company uses global standardization in marketing by keeping the product's presentation largely consistent throughout markets. Even though several languages are shown on the items, the corporation uses the same design motif.
These advantages include cost reduction, international price reduction, competitive decrease, market position consolidation, and promotion of a distinct international image.
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Answer: Incorret
Explanation: This is incorrect because the more information we have about the market and the obsolescence time of our products, the better we will be able to coordinate the marketing strategy so that the time spent will be paid with greater profits in the future.
For example, appliances affected by competition or improvements become appliances that replace the previous ones if you do not evaluate the obsolescence time of these items, it is likely that when our product is launched, there is already a better one in the market.
