Category: establish

ORGANIZATION FOR INTERNATIONAL ECONOMIC COOPERATION(OIEC)

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The Council for Mutual Economic Assistance (COMECON,CMEA) was established in 1949 on a soviet initiative with Bulgaria,Czechoslovakia ,Hungary,Poland and Romania as the other founder members.The German Democratic Republic, Mongolia,Cuba and Vietnam joined later and Yugoslavia had associate status. Its purpose was to create a common market among its members and to promote the coordination and ….  Read More

GLOBAL PRICING:THREE POLICY ALTERNATIVES FOR MULTINATIONAL COMPANY

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There are three alternative positions a company can take toward worldwide pricing.   (1)EXTENSION/ETHNOCENTRIC:– The first can be called an extension/ ethnocentric pricing policy.This policy requires that the price of an item be the same around the world and that the importer absorb freight and import duties.This approach has the advantage of extreme simplicity because ….  Read More