1. A U.S. company buys merchandise on credit (denominated in Euros) from a European company. For the U.S. company, which of the following statements is true?
If the euro appreciates, a foreign exchange gain will occur.
If the euro depreciates, a foreign exchange loss will occur.
No foreign exchange gain or loss will occur.
If the euro appreciates, a foreign exchange loss will occur.
2. Develop product strategies and discuss how services and nonprofit “products” differ from traditional ones. (Marketing).