Today,you Can Exchange $1 for £

question 77

Multiple Choice

Today,you can exchange $1 for £.5428. Last week,£1 was worth $1.88. If you had converted £100 into dollars last week you would now have a:

• A) profit of $2.05.
• B) loss of $2.01.
• C) profit of £2.01.
• D) loss of $2.05.
• E) profit of £2.05.

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Definitions:

Lower Price Buyers

Consumers who prioritize purchasing items at the lowest possible prices, often influencing market dynamics.

Wastage

The act or process of losing resources or materials inefficiently or unproductively.

Revenue Management

The use of analytics and data to predict consumer behavior, optimize product availability and pricing, and maximize revenue growth.

Differential Pricing

Differential pricing is a strategy where a company charges different prices for the same product or service in different markets or segments, based on factors like customer willingness to pay, market demand, or competition.