Hello there,

I'm a bit stuck and need some help to understand and locate some resources on the differences with wages and the impacts on the promotional mix with various of products, and how lower manufacturing costs regional international economic programs a country will initiate to prevent product dumping or increased foreign competition with internal manufacturers, any help is greatly appreciated! Thank you

When mass producing products to meet standardization, the margins become smaller and will be affected by economic and political conditions in various locations around the world. With mass production and standardization, there are two large costs considerations for products: labor and raw materials.

• Using the example of differing labor wage rates, what effect does this have on the marketing mix for products?
• Due to lower manufacturing costs what regional international economic programs might a country initiate to prevent product dumping or increased foreign competition with internal manufacturers?