In July 2001,the Euro's Value Relative to the Dollar Was

question 85

Multiple Choice

In July 2001,the euro's value relative to the dollar was about €1.00 = $0.85.By November 2009,the euro had strengthened to €1.00 = $1.48.In February 2012,one euro was equal to $1.33,in August 2015 €1.00 = $0.99 and in September 09,2018 €1.00 = $0.87.All other things being equal,if a European-based global company wants to preserve margins for goods exported to the U.S.market,the company should:

• A)raise prices in dollars.
• B)switch to cost-based pricing.
• C)adopt a policy of market penetration pricing.
• D)reduce prices in dollars.
• E)use skimming pricing.

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Definitions:

Survey Studies

Research methods that involve collecting data from a sample of individuals through their responses to questions.

Field Studies

Research activities conducted in real-world settings outside of a laboratory or office, aiming to collect data in its natural environment.

Contingency Approach

The contingency approach posits that management effectiveness depends on the fit between situational variables and managerial actions or strategies.

Manage People

The process of leading, guiding, and overseeing the work of others to ensure organizational goals are met.