One of the Most Obvious Ways That Operations Providing Services

question 57

Multiple Choice

One of the most obvious ways that operations providing services differ from those producing products is that the nature of services is

• A) tangible
• B) esoteric
• C) intangible
• D) ethereal

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Definitions:

Exchange Rate

The price of one country's currency expressed in terms of another country's currency, facilitating international trade and finance.

Cross-Rate

The implicit exchange rate between two currencies (usually non-U.S.) quoted in some third currency (usually the U.S. dollar).

Exchange Rate

The worth of a certain currency depicted through the value of a different currency.

Foreign Currency Approach

A method in international finance that involves analyzing business or investment decisions based on their impact in foreign currency terms.