An enterprising wine lover notes that French champagne is pr…

An enterprising wine lover notes that French champagne is priced lower in Paris than it is in London. If this individual can arrange to purchase a large quantity of champagne in France and transport it to London for resale at prices that undercut those offered by authorized distributors, he can be said to engage in:

Hillary has been directed by her regional marketing manager…

Hillary has been directed by her regional marketing manager to cut prices on seasonal items, place an ad in the local paper, and tell distributors to reduce deliveries for the next month. Which step of the strategic marketing planning process is Hillary engaged in?