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

question 88

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.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:

Sedimentary

Pertaining to rocks formed from sediment accumulated over time, usually in water, through the process of compaction and cementation.

Phosphorous Cycle

The biogeochemical cycle that describes the movement of phosphorus through the lithosphere, hydrosphere, and biosphere.

Chemical Cycling

The movement and exchange of organic and inorganic matter back into the production of living matter, involving processes such as the carbon and nitrogen cycles.

Inorganic Nutrients

Nutrients that do not contain carbon and are needed by the body in small amounts, such as minerals and water.