23. Why did Porsche decide against a pass-through strategy for pricing its products in the USA? A. Both its Boxster series and 911 series cars were very price elastic B. The new Macan series are not sold in the USA C. The Boxster series cars were very price-elastic, but 911 were not D. The Cayman and Panamera series were priced only in euros E. None of the above 24. What was the advantage for Porsche in using put options instead of forward or futures contracts to hedge? A. Forward/futures contracts require lower margin than options B. Forward/futures contracts have higher premiums than options C. Options allowed Porsche to take advantage of favorable foreign exchange rate changes D. Longer term put options require lower premiums than short-term E. None of the above