In General, a Firm That Concentrates on Local Sales, Has

question 32

Multiple Choice

In general, a firm that concentrates on local sales, has very little foreign competition, and obtains foreign supplies (denominated in foreign currencies) will likely ____ a(n) ____ local currency.

• A) be hurt by; appreciated
• B) benefit from; depreciated
• C) be hurt by; depreciated
• D) None of these are correct.

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Definitions:

Better Business Bureau

An organization focused on enhancing marketplace trust by setting standards for ethical business behavior and monitoring compliance among its members.

Consumer Product Safety Commission

A U.S. government agency responsible for protecting the public from unreasonable risks of injury or death associated with the use of thousands of types of consumer products.

Voluntary Alliance

A partnership formed by choice between organizations or individuals to achieve a common goal.

Fair Practices

Ethical business strategies and policies that seek to ensure fairness, equality, and transparency in dealings with stakeholders.