Question: Explain the difference between ethnocentric, polycentric and geocentric pricing strategies. Under what circumstance would you recommend each of these strategies to a Jamaican company with

Explain the difference between ethnocentric, polycentric and geocentric pricing strategies. Under what circumstance would you recommend each of these strategies to a Jamaican company with global market aspirations? Explain which of these strategies is associated with grey marketing and suggest how companies can deal with this condition.

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