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WOMAN: So sales abroad are down, are they?
MAN: Yes, seven per cent over the last quarter. Even though the new model
is quite an improvement.
WOMAN: I suppose fluctuations in the exchange rate have had something to do with it.
MAN: Yes, when interest rates here shot up in March and April, so did the value of the currency….
WOMAN: …so our prices went up and made us less competitive.
MAN: Right, and especially in countries where we used to have the highest .
WOMAN: Are we losing market share to local manufacturers?
MAN: They haven’t really got the capacity. In most cases it’s exporters from other parts of the world that are moving in.
Two business people are discussing foreign trade. Why, according to the man, have exports of a particular product fallen recently?
$A$. The current version of the product is of inferior quality.
$B$. Some countries are making their own, similar products.
$C$. Interest rates in the country of manufacture fell sharply.
$D$. The product has become more expensive in key markets.
MAN: Yes, seven per cent over the last quarter. Even though the new model
is quite an improvement.
WOMAN: I suppose fluctuations in the exchange rate have had something to do with it.
MAN: Yes, when interest rates here shot up in March and April, so did the value of the currency….
WOMAN: …so our prices went up and made us less competitive.
MAN: Right, and especially in countries where we used to have the highest .
WOMAN: Are we losing market share to local manufacturers?
MAN: They haven’t really got the capacity. In most cases it’s exporters from other parts of the world that are moving in.
Two business people are discussing foreign trade. Why, according to the man, have exports of a particular product fallen recently?
$A$. The current version of the product is of inferior quality.
$B$. Some countries are making their own, similar products.
$C$. Interest rates in the country of manufacture fell sharply.
$D$. The product has become more expensive in key markets.