A justification for setting prices higher in the home market than in the international market could be strong domestic competition. When competition is high in the domestic market, companies may need to invest more in product development, marketing, and other areas to differentiate their products and attract customers. These additional costs could be passed on to consumers in the form of higher prices.

On the other hand, if competition is lower in international markets, companies may be able to sell their products at lower prices while still maintaining a profit. This could be due to lower costs of materials or labor, or simply because there are fewer competitors in the market.

So, the answer is "Strong domestic competition".

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A justification for setting prices higher in the home market than in the international market could be strong domestic competition. When competition is high in the domestic market, companies may need to invest more in product development, marketing, and other areas to differentiate their products and attract customers. These additional costs could be passed on to consumers in the form of higher prices.

On the other hand, if competition is lower in international markets, companies may be able to sell their products at lower prices while still maintaining a profit. This could be due to lower costs of materials or labor, or simply because there are fewer competitors in the market.

So, the answer is "Strong domestic competition".

Knowee AI · Accepted Answer

A justification for setting prices higher in the home market than in the international market could be strong domestic competition. When competition is high in the domestic market, companies may need to invest more in product development, marketing, and other areas to differentiate their products and attract customers. These additional costs could be passed on to consumers in the form of higher prices.

On the other hand, if competition is lower in international markets, companies may be able to sell their products at lower prices while still maintaining a profit. This could be due to lower costs of materials or labor, or simply because there are fewer competitors in the market.

So, the answer is "Strong domestic competition".

What is a justification for setting prices higher in the home market than in the international market?Group of answer choicesNone of theseHigh materials cost abroadHigh labor cost abroadStrong domestic competition

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