Data interpretation and strategic thinkingPricing is one of most important marketing mix strategies. A price must be low enough to gain sales, but high enough to guarantee the flow of funds to support activities like R&D, production, and distribution. However, pricing is more complex internationally than domestically. We often see identical products priced differently in international markets. Why is that? Please write an essay about global pricing by answering the following questions.
Instruction:
- Use Apple iPad Pro (11-inch, WiFi, 128 GB model) as an example.
- Data collection: Compare the prices of this iPad Pro in US and three other different foreign countries of your interest.
Country Price in local currency Price in US dollar
Before Tax After Tax Before Tax After Tax
US