The Ozark Bike Company recently entered into an agreement with a large Japanese retailer to distribute its bicycles in Japan.Ozark Bike Company sees itself in a favorable position because the Yen is gaining strength compared to the U.S.dollar making it cheaper for Japanese customers to buy U.S.products.
A low value of the dollar means a dollar is traded for less foreign currency.A high value of the dollar means a dollar is trading for more foreign currency.When the U.S.dollar is losing strength against the foreign currency,it is cheaper for foreign customers to buy U.S.products.In this case,the customer will trade fewer yen for the value of the U.S.bicycles.

Question

Quizplus · Accepted Answer

The statement correctly explains that a lower value of the U.S. dollar makes it cheaper for foreign customers to buy U.S. products, including bicycles in this case. As the Yen gains strength compared to the U.S. dollar, it will require fewer yen to purchase the same value of U.S. bicycles, making them more affordable for Japanese customers.

The Ozark Bike Company Recently Entered into an Agreement with a Large