2. In fall 2011, the euro/dollar exchange rate was €1 = $1.35. By spring 2015,the dollar had strengthened to €1=$1.10.Assume that a European luxury goods marketer cut the price of an$80,000 linen suit by 10 percent when launching its spring 2015 collection.How would revenues have been affected when dollar prices were converted to euros?
6.Luxury goods marketers such as LMH use distinctive logos to differeniate their brands.Discuss the risks associated with this marketing strategy?