With respect to exchange rates and competition, it is correct to say that
A) companies that conduct international operations do not have to worry about the effect of exchange-rate fluctuations on competition because the accounting department does the conversions.
B) as the value of a country's currency falls, its balance of trade becomes less favourable.
C) as the value of a country's currency falls, there is an increased incentive for foreign companies to ship products into the domestic market.
D) Canadian firms can deal with a stronger Canadian dollar by increasing the efficiency their operations.
E) all of these are correct.
Correct Answer:
Verified
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