NO.PZ201812100100000404
问题如下:
What is the best response to Question 1?
选项:
A.
Yes
B.
No, because it would reduce organic sales growth
C.
No, because it would reduce net price realization and mix
解释:
A is correct.
Net sales growth equals organic sales growth plus or minus the effects of acquisitions, divestitures, and foreign exchange. A foreign currency translation loss would reduce net sales growth. Thus the answer to Question 1 is yes.
解析:B选项organic sales growth是剔除了并购(acquisition)、剥离(divestiture)以及汇率改变(foreign exchange)之后的核心增长率,是由于价格和销量上涨带来的增长,因此汇率的改变不会影响organic sales growth。C选项Net price realization and mix 指由于价格上涨带来的sales的增长,汇率的改变也不会影响它。Question中的net sales growth是在organic sales growth的基础上考虑并购、剥离以及汇率改变之后的一个总的增长率,因此foreign currency translation loss会降低net sales growth。
这里的外币汇率贬值,意味着外币不值钱了,购买力下降,那本币的产品价格会相应升高,但是由于购买力下降,该产品的销售量也会受影响,那这里的organic sales growth 实际上是无法正确判断走向的;基于此,为什么net sales growth 会随外币汇率贬值而降低?