Answer:
the correct answer is D. The exchange rate for that currency changes depending on the operations of the free market
Explanation:
their is this market called Foreign Exchange market or simply known as the FOREX Market. It is the largest market in the world where trillions of dollars are exchanged daily.
the main determinant of the prices and the exchange rates of the each currency is the market supply and demand. more demand will set the rates higher while more supply will decrease the rates.
nowadays, currencies are not pegged to the gold prices and we abandoned the gold standards some time ago. so gold prices have no effect on the exchange rates now.
Answer:
B) is the amount that buyers are willing and able to buy at a particular price.
Explanation:
The quantity demanded of a product or service is how many units are consumers willing and able to buy at a specific price. While the product's demand is given by how many units are consumers willing and able to buy at a price interval. The product's demand is represented by the demand curve, while the quantity demanded is represented by a specific point in the demand curve.
Answer: Custom marketing
Explanation: A custom marketing strategy will most likely be employed by an industrial manufacturer that works with one or a few large clients and develops products that only these clients will use. Marketing creates, communicates, and delivers value, and it involves the management of customer relationships. A custom marketing strategy is one in which a manufacturer customizes and develops products that are unique to the needs of his customers and thus is an essential strategy for delivering a personalized customer experience to each segment of clients, thereby increasing loyalty and customer satisfaction.
Answer:
Price Skimming
Explanation:
Price Skimming is a strategy used whereby a producer initially charges the highest price that consumers would be willing and able to pay. As demand starts to fall from the high consumer segments, the price is lowered to tap into a new group of consumers.
In this case, the initial price charged was $300 and gradually reduced to $199 to capture those individuals who could not afford (or were not willing and able to pay) such a high price for an iPod.
Answer:
Franchising offers all the following benefits for franchisers except
the franchisee's revenue stream is fairly consistent because franchisers pay fixed fees and royalties.
Explanation:
When a franchisor gives a franchisee the authority to do business in the franchiser's trade name, using its business system, it is called franchising. The franchisee pays a royalty, including an initial franchise fee, to the franchisor in exchange for this right. In this business arrangement, the franchise right confers on the franchisee the authority to establish branches of the franchising company.