Zara's production costs could rise at higher rates than its competitors because its costs are pegged to the _____.

Name: Zara's production costs could rise at higher rates than its competitors because its costs are pegged to the _____.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Zara is a Spanish company and its production costs are mainly based in the euro. If the value of the euro appreciates compared to other currencies, this could increase Zara's costs relative to its competitors who have production costs based in other currencies.

Zara's Production Costs Could Rise at Higher Rates Than Its