Which of the following statements concerning currency exchange rates is most accurate?
A)Fluctuations in exchange rates among the world's currencies are of critical importance in global marketing.
B)Fluctuations in exchange rates among the world's currencies occur,but multinational companies are insulated from the affects because of direct investment.
C)Exchange rate fluctuations are relatively rare,but they usually have serious long-term consequences.
D)Exchange rate fluctuations are almost nonexistent due in great part to the stability of the euro.
E)Exchange rate fluctuations may affect the financial sector but rarely reach the consumer.

Question

Quizplus · Accepted Answer

Fluctuations in exchange rates among the world's currencies are of critical importance in global marketing as they can affect the pricing, sales, and profitability of products and services. As companies expand globally, they must monitor exchange rates and adjust their strategies accordingly to remain competitive in the global marketplace.

Which of the Following Statements Concerning Currency Exchange Rates Is