Suppose consumers in either the US or Japan buy Boone's bicycles and then re-sell the product worldwide
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Question:
Suppose consumers in either the US or Japan buy Boone's bicycles and then re-sell the product worldwide using eBay, an online auction site.
Which consumers would be re-selling the bicycles, and which would be buying? How should Boone react to the possibility of online auctions?
GROUP WILLINGNESS TO PAY # OF CONSUMERS
A. $5000 10
B. $3000 2
At Boone's profit-maximizing choice of price, his revenue will be $50000.
At Boone’s profit-maximizing choice of price for the Japanese market alone, his revenue will be $75000.
Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller-nobles, Brenda L. Mattison, Ella Mae Matsumura
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