2. Manufacturers response to currency appreciation From 1990 to 1996, the value

Q: 2. Manufacturers response to currency appreciation From 1990 to 1996, the value

2) Appreciation of domestic currency would invariably lead to fall in its export due to relative rise in price.Hence, product of Japan would become expensive. Japanese products become 40 % more expensive than US products. Best Manufacturing strategy: Appreciation of currency makes import relatively cheaper. Thus import rises. Begin importing foreign made parts.

ID: 1141295 • Letter: 2

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2. Manufacturers response to currency appreciation From 1990 to 1996, the value of the Japanese yen relative to the US. dollar increased by almost 40%. Assuming that the yen and dollar prices in Japan and the United States did not change, Japanese products became 40% than U.S. products. more expensive cheaper Which of the following describe the manufacturers' best strategic response to the currency appreciation? Check al that apply. Shift production from commodity-type goods to high-value products Begin importing foreign-made parts Sell manufacturing bases abroad to cover production costs at home Shift production from high-value products to commodity-type goods

Explanation / Answer

Appreciation of domestic currency would invariably lead to fall in its export due to relative rise in price.Hence, product of Japan would become expensive.

Japanese products become 40 % more expensive than US products.

Best Manufacturing strategy:

Appreciation of currency makes import relatively cheaper. Thus import rises.

Begin importing foreign made parts.

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2. Manufacturers response to currency appreciation From 1990 to 1996, the value

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