The futures market contains two basic types of traders: hedgers and speculators. Define the role played by each of these types of traders
What will be an ideal response?
Answer: Hedgers are commodities producers and processors who use futures as a way to protect their interest in the underlying commodity or financial interest. Hedgers provide the reason for the existence of futures contracts. Speculators trade futures in the hopes of earning a profit on expected price swings. Speculators are risk-takers who give the futures market its liquidity.
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As the sales manager of WGASA Corporation, a major West Coast wholesaler, it's up to you to set quotas for each of WGASA's territories. The veteran sales force tends to work autonomously with minimal supervision or required paperwork on activities. Also, salespeople have no opportunity to set prices or margins. With this type of situation you are most likely to use:
a. expense report quotas. b. dollar volume quotas. c. activity quotas. d. all of the above. e. none of the above.
Which of the following is highest in the hierarchy of planning?
A) corporate strategic planning B) group or sector planning C) SBU planning D) annual marketing plan