The covariance may be either positive or negative

If near term liquidity were the only objective for a client, which of the following pairs of investments would represent the most/least liquid?

A) Variable annuity (VA)/direct participation programs B) Exchange listed equities/direct participation program (DPP) C) Variable annuity (VA)/money market mutual funds D) 10-year corporate bonds/U.S. T-bills

Bailey, a luxury car brand, has manufacturing units located across the United States, from where it exports to several Asian countries. The rising costs and a strong home currency have forced the organization to rethink its strategic plans

Based on the market holding strategy, which of the following actions is the organization most likely to take to maintain its competitive advantage in the Asian countries? A) sell the product at a loss for a certain amount of time B) increase the price of its exported products C) accept lower margins to maintain competitive advantage D) shift manufacturing units to the target countries