Scenario: Just-For-Kids, Inc. Just-For-Kids, Inc. Is a Toys and Clothes Manufacturer Based in Manufacturer

question 134

Multiple Choice

Scenario: Just-for-Kids, Inc.
Just-for-Kids, Inc. is a toys and clothes manufacturer based in San Diego, California. The company has received an inquiry from an overseas company to do business. Tom Dodd is the owner of the company researching the opportunity and how exchange rates will affect its international business activities.
-The government of the country that Just-for-Kids is considering doing business in just lowered the value of its currency, which is referred to as ________.

• A) the Fisher effect
• B) devaluation
• C) fundamental disequilibrium
• D) revaluation

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Definitions:

Order-Takers

Salespeople who only take orders by asking what the customer wants or waiting for the customer to order. They have no sales strategy and use no sales presentation.

Sales Process

The series of steps or stages sales professionals follow from initial contact with a potential client to closing the sale.

Want-Satisfaction

A sales technique focusing on identifying the desires of a customer and demonstrating how a product or service fulfills them.

Business Philosophy

An underlying set of beliefs and principles that guide a company's operations, decision-making, and strategies.