For global corporations with facilities in a foreign country,the devaluation of that country's currency frequently results in ______.
A)lower revenues and profits
B)decline in product demand
C)loss of market share
D)increase in lead time

Question

Quizplus · Accepted Answer

When a foreign country's currency is devalued, it means that the value of the currency has decreased relative to other currencies. As a result, when global corporations with facilities in that country repatriate their profits back to their home country, they receive fewer dollars or other currencies for their earnings. This leads to lower revenues and profits for those corporations.

For Global Corporations with Facilities in a Foreign Country,the Devaluation