Strategic pricing in export markets: empirical evidence from the UK |
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Affiliation: | 1. Ruppin Academic Center, Ruppin 31905, Israel;2. Durham University Business School, Durham University, Ushaw College, Durham DH7 9RH, United Kingdom;3. Nottingham University Business School, Jubilee Campus, Nottingham NG8 1BB, United Kingdom;4. School of Business & Economics, Loughborough University, Ashby Road, Loughborough, Leics LE11 3TU, United Kingdom;5. Faculty of Business Administration, University of Macau, Avenida Padre Tomás Pereira, Taipa, Macau, China |
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Abstract: | This study was initiated by the apparent conceptual and empirical neglect of the industrial export pricing area. Capitalising upon calls for a strategic pricing orientation in contemporary firms the study seeks to empirically explore the export pricing practices of industrial exporters in the UK and assess their influence upon their strategic export pricing. The aggregated experience of 178 firms suggests that proactive exporting stimuli, market orientation, formality of the pricing decision process and a balanced attention to customer needs and the profit potential of the exporting activity are practices identifiable in firms with a high strategic pricing orientation. This new empirical evidence is discussed in terms of its contribution for export managers, public policy makers and researchers wishing to advance further our knowledge of this critical area of marketing activity. |
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