Why is it important for an international manager to understand the balance of payments?
What will be an ideal response?
The balance of payments provides information that is useful in understanding the determination of exchange rates and the growth prospects of a country. For example, persistent, large current account deficits, especially ones that are primarily consumer driven, are often associated with currency crises in which the currency of the country with the deficit depreciates substantially and the country suffers a severe recession. Knowledge of the official settlements account indicates whether the country is gaining or losing international reserves, and sufficient losses of reserves indicate a loss of the ability to maintain a fixed exchange rate. Massive increases in international reserves indicate that the central bank is resisting pressure for the currency to appreciate in value. Large capital account surpluses that are primarily driven by private sector investments indicate that foreigners find the assets of the country to be attractive investment opportunities.
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The gross accounts receivable less the allowance for doubtful accounts is known as the _________________________
Fill in the blank(s) with correct word
The heart of the marketing mix is the:
a. product offering and product strategy. b. place and distribution strategy. c. sales promotion and personal selling strategy. d. product packaging and pricing strategy.
The main purpose of a(n) _____ is to highlight your most important qualifications and to persuade an employer to grant you a personal interview for the job position
A. cover letter B. adjustment letter C. collection letter D. claim letter
A flexible budget is prepared to represent various levels of sales volume
Indicate whether the statement is true or false