Hennessy Hardware,a Canadian retailer,buys much of its inventory from Asian countries.Hennessy Hardware would benefit if the value of the dollar ________ relatively to the currencies of the countries from which Hennessy imports.

Question

Quizplus · Accepted Answer

If the value of the dollar rises relative to the currencies of the countries from which Hennessy imports, then Hennessy would be able to purchase more inventory with the same amount of dollars. This would increase their purchasing power and potentially lead to lower costs for the company.

Hennessy Hardware,a Canadian Retailer,buys Much of Its Inventory from Asian