Currently,you Can Exchange US$1 for £0

question 9

Multiple Choice

Currently,you can exchange US$1 for £0.53.Assume that the average inflation rate in the US over the next four years will be 4 per cent annually as compared to 5 per cent in the UK Based on relative purchasing power parity,you should expect the _____ over the next 4 years.

• A)US dollar to appreciate against all currencies
• B)British pound to appreciate against all currencies
• C)both the US dollar and the British pound to appreciate against all other currencies
• D)US dollar to appreciate against the British pound
• E)British pound to appreciate against the US dollar

Learn about the global presence of large retailers.

Know the technology used in retail to enhance operations and customer experience.

Identify the advantages of franchising and contractual systems in retail.

Differentiate between types of service levels (self-service, limited-service, full-service) based on customer involvement.

---

Definitions:

Asocial

Characterized by the lack of interest in or avoidance of social interactions.

Eastern Europe Cluster

A grouping of countries in Eastern Europe that share similar cultural, economic, or historical characteristics.

Uncertainty Avoidance

A cultural dimension that describes the extent to which individuals in a society are uncomfortable with ambiguity and risk, preferring structured situations.

In-Group Collectivism

The tendency of individuals within a group, culture, or society to prioritize the goals, values, and well-being of their in-group over those of outsiders.