Which of the Following Best Illustrates the Elimination of Transaction

question 39

Multiple Choice

Which of the following best illustrates the elimination of transaction costs that result from the adoption of the euro as the single European currency?

• A) When a German company imports French wine it no longer needs to use a bank in completing the transaction.
• B) When a German company makes purchasing plans that involve importing French wine it knows exactly what the cost will be in terms of its own currency.
• C) When a German company imports French wine it no longer has to pay a tariff on the wine.
• D) When a German company imports French wine it no longer has to pay a charge for converting German currency into French currency.

Recognize the importance of performance measurement in supply chain management.

Understand the complex nature of supply chains and the factors contributing to their complexity.

Identify the impact of consumer empowerment on supply chain management.

Understand the issues and challenges in developing and sustaining an efficient and effective supply chain.

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Definitions:

Information

Data that has been processed, organized, or structured in a way that is meaningful and useful to those who receive it.

Ethnographic

Relating to the systematic study of people and cultures from the perspective of the subject, through participant observation and other immersive techniques.

Participant

An individual actively involved in a process or activity, such as a market research study, workshop, or a collaborative project.

Laddering

A technique used in marketing research to uncover consumers’ values and motivations by exploring the reasons behind their product choices and preferences.