Question

The really knowledgeable buyer, in dealing with an international supplier, will normally price in the currency of the seller's country. True or False?

1) True
2) False

Answer 1

The statement is False. The knowledgeable buyer will typically price in their own currency when dealing with an international supplier.

Step-by-step explanation:

The statement 'The really knowledgeable buyer, in dealing with an international supplier, will normally price in the currency of the seller's country' is False.

When buying from an international supplier, the knowledgeable buyer will typically consider the exchange rate and price in their own currency. This ensures that the buyer knows exactly how much they are paying and avoids any uncertainty or risk associated with exchange rate fluctuations.

For example, if a buyer from the US is purchasing goods from a supplier in China, they would likely price the goods in US dollars rather than Chinese yuan.