1) The hedging strategy that Nikes shoes are primarily made in Malaysia, Philippines, Indonesia, Vietnam now instead of China compared with 10 years ago is an example of _________.

a) selecting low cost production site

b) hedging with swaps

c) hedging with options

d) product differentiation

2) In Aspen Skiing Company case, the strong dollar in 80s had a _______ effect on the competitive position of Aspen Skiing Company.

a) positive

b) negative

c) no effect