If the Value of a U

question 298

Multiple Choice

If the value of a U.S. dollar changes from ¥120 to ¥110, it follows that:

• A) the yen is depreciating and the dollar is appreciating.
• B) U.S. goods become cheaper for Japanese consumers.
• C) Japanese goods become cheaper for U.S. consumers.
• D) U.S. services become more expensive for Japanese firms.

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Definitions:

Domestic Sourcing

The practice of acquiring goods, services, or materials from suppliers located within the same country as the purchasing organization.

Offshore Sourcing

The practice of procuring goods or services from suppliers located in foreign countries, often to reduce costs or access specialized skills.

Inland Transportation

The movement of goods or people within a country's borders using land-based transportation systems like railways and roads.

Global Purchasing Organization

An entity that manages procurement processes and strategies across international locations to optimize costs and resources.