Exchange rates,taxes,and duties can be significant for a firm with a global manufacturing and supply base.

Question

Quizplus · Accepted Answer

Exchange rates determine the value of currencies used in international transactions, taxes are imposed by different countries on imported goods, and duties are charged at the border on imported goods. All of these can have a significant impact on a firm with a global manufacturing and supply base as they affect the cost of production, pricing, and profitability. Therefore, it is essential for such firms to carefully manage these factors to remain competitive in the global market.

Exchange Rates,taxes,and Duties Can Be Significant for a Firm with a Global