Marina is on vacation in Jamaica and buys a bottle of rum fo…

Marina is on vacation in Jamaica and buys a bottle of rum for about half the price she would pay for the same bottle at home in the US. The rum isn’t on sale in Jamaica but is priced lower because that’s the price the market will bear. What is this an example of?

Full-Sole Shoes concludes a counterpurchase agreement with J…

Full-Sole Shoes concludes a counterpurchase agreement with Japan for which it receives some counterpurchase credits. Full-Sole Shoes does not want any foreign goods, however, so it sells the credits to a third-party trading house at a discount. The trading house finds a firm that can use the credits and sells them at a profit. This is an example of

Autumn Roofing, an American firm, recently acquired another…

Autumn Roofing, an American firm, recently acquired another company, Shingle Shores, in Indonesia. The high-level managers at Shingle Shores quit because they could not cope with the domineering and straightforward approach of their American counterparts. This illustrates how acquisitions may fail because