The Puj Tub makes bathing a little baby so much easier. It i…

The Puj Tub makes bathing a little baby so much easier. It is made from soft foam that folds and conforms to almost any sink. The Puj Tub cradles and protects the baby during bath time. When not in use, the Puj Tub can hang flat for easy drying. Entrepreneurs developed this new product by: 

As you know, fairness of the transaction is an important com…

As you know, fairness of the transaction is an important component of pricing. This helps us understand why some consumers are willing to pay $0.75 for a soft drink from a small, run-down grocery store and $5.00 for a similar soft drink from a fancy hotel. Which element of fairness of the transaction is illustrated by this example?

A headline in the Wall Street Journal stated, “Tyson Hatches…

A headline in the Wall Street Journal stated, “Tyson Hatches a New China Strategy. Chicken Processor Opens Its Own Farms, Avoiding Local Coops, to Address Food-Safety Concerns.” Instead of buying chickens from independent farmers, as Tyson long has done worldwide, the company is spending hundreds of millions of dollars building its own farms in China. Which method of alternative global market entry is Tyson implementing?