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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
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