Unit 10.02 Understand the components of International pricing and payment. Goals Explain each of the four global pricing strategies. Describe methods of international payments. Terms. price price floor price ceiling penetration pricing skim pricing. market pricing prestige pricing
Standard Global Pricing
1.Elasticity of demand
2.Government regulations(tariffs, VATs).
3.Stability of exchange rates.
4.Other external factors such as political stability
5. Export-related costs