Explain why companies form hedging agreements with their suppliers
What will be an ideal response?
Answer: Companies protect themselves against future price increases by hedging, arranging contracts that allow them to buy supplies in the future at designated prices. The obvious risk of hedging against rising prices is that prices could instead drop over the duration of the contract, leaving a company paying more than it would have to otherwise.
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Amity Inc. is a firm which collects and processes household data and sells it to other firms which produce consumer durables. Amity is an example of a ________ research firm
A) custom marketing B) specialty-line marketing C) syndicated-service D) generic marketing E) focused marketing
The purpose of rites of passage is to ________
A) encourage members to learn and internalize the organization's norms and values B) motivate organizational members to be committed to the company's norms and values C) build common bonds between organizational members D) allow an organization to change its norms and values