Question

Within 20 years, we will have seen the emergence of enormous global markets for standardized consumer products. Do you agree with this statement? Justify your answer. Price discrimination is indistinguishable from dumping. Discuss the accuracy of this statement.

Answer 1

I agree with this statement the reason behind this the standardized consumer product is that the world is now more connected and people are accepting and adopting the others culture also. The Eastern countries embracing the western culture and western nations are embracing the Eastern cultures also. People choose to use the imported product. The ease of exporting and importing and interaction sharing has also so deep effect on the standardized customer product.
From an individual viewpoint, it is very important to concur with this statement. The modern world today is altering in a way that organization markets and innovations need to adapt to it. With this it leads to the development of global market. The globalization over the last few years has been fast growing because many people can access products and services internationally without essential going to the nation of production.
Validation of the Answer
The fact that just recently most companies are teaching their individuals about globalization direct shows it rise and need in business market. They have seen the requirement to sell items and services worldwide and have been in the first line to accept it and have come up with methods which support it.
The problem of standardizing client item it likewise exists in the modern world. The majority of the customer are standardized unless for few individuals who trade locally. Like an example Toyota company produces an automobile which are requirements does not matter where it will be in usage.
2nd question
For this statement, it depends upon; the companies handle the concern. Unless the business clarifies whether it is price discrimination or dumping. An organization decides to offer goods and services worldwide at the less expensive cost that the regional cost then it becomes a difficulty to understand if it's doing this to attract customer internationally or to dump its items.
Prior to coming up to a conclusion about the two, the business must do an explanation of the meaning of either selling products at the lower price and its objective in doing so. With that, it will assist a specific to discover if it's disposing or discrimination of the customer