How can a central bank peg the value of its currency relative to another currency?
What will be an ideal response?
To peg the value of its currency to another currency, the government must make a market in the two currencies. If there is excess supply of the foreign currency (which is equivalent to excess demand for the domestic currency) that would drive down the domestic currency price of the foreign currency, the government must buy the private excess supply of foreign currency and deliver domestic currency to those demanding it. On the contrary, if there is excess demand for foreign currency (which is equivalent to excess supply of domestic currency) that would drive up the domestic currency price of the foreign currency, the government must supply the foreign currency and demand the domestic currency to prevent the foreign currency from appreciating in value.
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Which of the following statements describes a situation in which markdowns would not be appropriate?
A. Markdowns would be appropriate for licensed merchandise supporting a movie that was not as popular as predicted. B. Markdowns would be appropriate on a pair of pillows that had been part of a display and were showing light wear. C. Markdowns would be an appropriate pricing strategy for winter parkas that are still in stock in March. D. Markdowns would be appropriate for national brand merchandise that was priced 15 percent lower in a neighboring competing store. E. Markdowns would be appropriate for a group of T-shirts that have a higher turnover than other T-shirts in the department.
John looks very distant and closed off as he is giving his speech. Of the following, what is John likely doing with his gestures?
a. Clasping his hands behind his back b. Holding his hands stiffly at his sides c. Crossing his arms d. Letting his arms hang to the side
Nowadays, salespeople are not expected to be knowledge brokers for their sellers.
Answer the following statement true (T) or false (F)
In a brief essay, explain the major weaknesses of exclusively using a direct marketing strategy
What will be an ideal response?