Phoebe helps small farmers negotiate sales to food processing companies. However, once she has helped negotiate the transaction, she does not maintain a long-term relationship with the farmers. Phoebe is an example of a sales agent in this market.
a. true
b. false
b. false (Agents typically develop long-term relationships with their clients. Because Phoebe does not maintain a long-term relationship, she is more likely to be a broker than an agent.)
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The basic goal of__________is to increase the short-term cash return without too much concern for the long-run impact
Fill in the blanks with correct word.
Assume that a Japanese car manufacturer exports cars to U.S. dealerships, which are priced in yen. The demand for those cars declines when the yen is strong. The manufacturer also produces some cars in the U.S. with U.S. materials and those cars are priced in dollars. The manufacturer could reduce its economic exposure by:
a. closing down most of its plants in the U.S. b. producing more automobiles in the U.S. c. relying completely on Japanese suppliers for its parts. d. pricing its exports in dollars.