This topic contains a solution. Click here to go to the answer

Author Question: What are some factors that lead to differences in costs for products in different international ... (Read 35 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
What are some factors that lead to differences in costs for products in different international business markets?

Question 2

Briefly discuss the distinctive characteristics of industrial markets.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

When exporting products to business markets, companies can incur costs of modifying the products for the foreign markets. They can also incur operational costs involved in exporting the products. Finally, they can encounter tariffs, taxes, and other costs involved in entering a market. All of these factors can lead to differences in costs for products in different international business markets.

Answer to Question 2

Industrial markets share these basic characteristics: Classification-Industrial markets are often segmented by the types of products they produce or by how products are used in a business. Buyers-The motives, authority, and negotiating style of industrial buyers can differ across cultures. Such buyers are generally very value oriented. Relationship development-Sellers and buyers become very dependent upon each other, developing strong personal relationships. International orientation-Most industrial relationships are global. Raw materials and component parts are routinely shipped across borders. Uniformity-Industrial products have much less variation than consumer products.




shofmannx20

  • Member
  • Posts: 562
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

For a complete list of videos, visit our video library