Avon-New York is selling and sourcing cosmetics in China. It is making Renminbi5 million while spending Renminbi1 million. If Avon reduced its revenue to Renminbi1 million so that its expenses and sales in Renminbi are equal, this is an example of ________________ exposure.

options:

A)	transaction

B)	translation

C)

economic

D)	no direct foreign exchange exposure

E)	none of these answers

  

Because of its unique products, Apple wants to expand abroad due to ____________ motivations.

options:

A)

ambitious

B)	collaborative

C)

proactive

D)

reactive

Answer rating: 100% (QA)

The detailed answer for the above question is provided below AvonNew York Case Answer C Translation ... View the full answer