Consider the Market in Which Canadian Dollars Are Exchanged for British

question 58

Multiple Choice

Consider the market in which Canadian dollars are exchanged for British pounds. An increased preference of Canadian consumers for British goods would

• A)shift the demand- for- pounds curve to the left and lead to a fall in the exchange rate.
• B)lead to a temporary excess supply of British pounds on the international currency market.
• C)shift the supply- of- pounds curve to the left and lead to a rise in the exchange rate.
• D)shift the supply- of- pounds curve to the right and lead to a fall in the exchange rate.
• E)shift the demand- for- pounds curve to the right and lead to a rise in the exchange rate.

Appreciate the complexity of the B2B purchasing process compared to B2C purchasing.

Grasp the basic concepts in consumer behavior for goods and services, including the consumer decision-making process.

Understand the impact of opinion leaders and reference groups on consumer behavior.

Comprehend the role of internal and external sources in the information search phase of the consumer decision process.

---

Definitions:

Apparent Authority

A situation where a person appears to have been given authority to act on behalf of another, even if no actual authority has been granted.

Third Party

An entity or individual not primarily involved in a legal contract or transaction but may be affected by it or have an interest in it.

Actual Authority

The express and implied powers granted to an agent by the principal in a principal-agent relationship.

Unanimous Vote

A voting outcome where all members of a group or assembly agree on a decision.