Answer:
B. False
Explanation:
The exchange rate between the euro and the dollar was 1.1719 dollars per 1 euro. Currently, the exchange rate is 1.18 dollars per euro. The euro has appreciated slightly against the US dollar, but it is a small percentage. It is not even close to multiplying its value by 3.
Answer:
The answer is market strategy development stage.
Explanation:
During the market strategy development phase, it is analyzed if your product fits into your business strategic plans. A probable demand, the costs and the margins are estimated. Questions like what is the target market and which market share is expected need to be answered.
Answer: The correct answer is choice b.
Explanation: Location is very important for businesses. Of the options presented, the only one that is incorrect is choice b - Once management is committed to a specific location, many costs become easy to reduce. This choice is incorrect. Even though management is committed to a location, it does not mean that it is easy to reduce costs. Even though they are committed to a location, it may be impossible to reduce costs.
Vertical price fixing occurs when members of the marketing channel work together to influence the costs passed on to customers.
<h3>What are vertical and horizontal price fixing?</h3>
Vertical price fixing refers to price fixing along the supply chain, while horizontal price fixing refers to price fixing between competitors in the marketplace.
<h3>Predatory pricing: What is it?</h3>
In a predatory pricing system, prices are artificially depressed in an effort to eliminate rivals and establish a monopoly. Short-term price reductions may be advantageous to consumers, but if the plan is successful in reducing competition, prices will rise and the number of options will decrease.
<h3>Vertical pricing control: what is it?</h3>
Agreements by manufacturers to set a minimum or maximum resale price are examples of vertical price-fixing arrangements.
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