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Mock exam question

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Ken Garrett.

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September 17, 2018 at 7:20 am #474977
nad15
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Sir, this question is on opentuition F1 mock exam question 7. I am not understanding how does it affect the sales if westland currency strenthen but Mant co does not import or export
September 17, 2018 at 10:06 am #474988
Ken Garrett
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Even if you are not importing or exporting, your competitors might be. If they import goods for sale and the exchange rate moves so as to make those imports cheaper, they will be able to drop their selling prices – affecting your profit.
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