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Assume the current U.S. dollar-British spot rate is £0.6993/$. If the current nominal one-year interest rate in the U.S. is 5% and the comparable rate in Britain is 6%, what is the approximate forward exchange rate for 360 days?
Dual Adaptation
A strategy where both the product and the marketing approach are modified to suit different markets or cultural practices.
Dual Integration
A business strategy that involves a company integrating both vertically (controlling supply chain processes) and horizontally (expanding product lines or markets) to enhance control and market power.
Product Invention
The creation of a completely new product that did not previously exist, often involving innovation and the development of new technologies or ideas.
Product Extension
The strategy of introducing additional versions of a product to the market, which may vary in size, flavor, or other characteristics.
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