When Ben and Jerry’s Ice Cream entered England they realized…

When Ben and Jerry’s Ice Cream entered England they realized that they would need to change its packaging and communications. In the U.S. their fun-loving advertising could resonate as a premium ice cream, but in England that style of messaging would communicate a lower quality product. So, the company exported the same ice cream but in a redesigned package with redesign communications, and it has been a hit. What adaptation approach did Ben and Jerry’s use?

One problem that can happen when companies use polycentric p…

One problem that can happen when companies use polycentric pricing is that the price in one country is significantly lower than another country, which creates an arbitrage opportunity where people can sell that lower price merchandise across borders to make a profit. What is this called?

Joy runs a private equity company that has companies in many…

Joy runs a private equity company that has companies in many industries, and she is trying to decide which company needs to standardize vs. adapt its marketing mix in global markets. Based on the reading, which company should use a more standardized marketing mix?