Title: Describe the factors that influence prices in foreign markets.
Course: Opportunities in Global Trade, Advanced (12056-II) > Section: Analyzing Pricing and Payments in the International Marketing Plan

Description should include production and operating costs, as well as external factors influencing prices in the global marketplace.

Process/Skill Questions:

- What are the major factors that affect prices in foreign markets?
- How do political and economic factors affect prices in foreign markets?
- How do cultural, social, and geographic factors affect prices in foreign markets?
- What effect does competition have on prices in foreign markets?
- How does appreciation and depreciation affect imports and exports?
- What effect do tariffs, taxes, and other costs involved in marketing have on the price of an item?
- What costs may a company incur if a product must be modified for a foreign market?