Describe how currency fluctuations can present considerable risk to international business.
What will be an ideal response?
A company with operations in several countries must constantly monitor the exchange rate between its own currency and that of the host country. Even a small change in the exchange rate can result in a significant difference in the cost of production or net profit when doing business overseas. When the dollar appreciates against other currencies, Canadian goods can be more expensive to consumers in foreign countries.
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When a company discontinues a segment, total corporate costs may decrease in all of the following categories except
a. variable production costs. b. allocated common costs. c. direct fixed costs. d. variable period costs.
Whether a broad differentiation strategy ends up enhancing a company's profitability depends mainly on whether
A. buyers are prone to shop the market for sellers offering the best price. B. many buyers view the product's differentiating features as having value. C. most buyers have similar needs and use the product in the same ways. D. most buyers accept the customer value proposition as unique and the product can produce sufficient unit sales to cover the costs of achieving the differentiation. E. buyer switching costs are low and customer loyalty to any one brand is low.
The summaries of data, which may be tabular, graphical, or numerical, are referred to as
a. inferential statistics b. descriptive statistics c. statistical inference d. report generation
A random sample of 16 students selected from the student body of a large university had an average age of 25 years and a standard deviation of 2 years. We want to determine if the average age of all the students at the university is significantly more than 24 . Assume the distribution of the population of ages is normal. The p-value is between
a. .005 to .01. b. .01 to .025. c. .025 to .05. d. .05 to .10.