Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
|
Grey Market = paralell import |
When products are imported into a country without the consent of the brand owner; could lead to undercutting prices if the market price is higher on this market |
|
|
Price diffferentials |
Difference in price of a product |
|
|
Skimming |
Charging a high price to maximise profit in early stages of a product's introduction |
|
|
Penetration Pricing |
Charging lower prices to gain market share in a new market |
|
|
hedge |
insuring against a negative currency rate |
|
|
Monopsony |
THe buying-side of a selling-side monopoly |
|
|
Administered Pricing |
When companies agree to set a price for their products |
|
|
Transfer price |
https://www.youtube.com/watch?v=TLSYwkWCIzA |
