Question

Suppose a company selling in various country markets makes statements such as "we know what the customer wants, and he or she will have to pay for it." This is an indication of a(n) ________ approach to setting prices.
A) ethnocentric
B) polycentric
C) regiocentric
D) geocentric
E) adaptation

Answer 1

Answer: a. Ethnocentric

Explanation:

Ethnocentric is understanding other cultures according to conceptions

from their standards and customs. The company boasts because they understand what the people want and that they will come for it.