When a Good Is Imported into Australia, There Is Created

question 122

Multiple Choice

When a good is imported into Australia, there is created a

• A)supply of foreign currency with no effect on the market for the Australian dollar.
• B)demand for foreign currencies and a supply of Australian dollars.
• C)supply of foreign currencies and a demand for Australian dollars.
• D)demand for Australian dollars with no effect on the markets for foreign currencies.

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Definitions:

Estimated Customer Demand

An approximation of the quantity of a product or service that consumers will purchase in a specified period.

Pull Manufacturing

A manufacturing approach that relies on demand to pull products through the production process, as opposed to producing goods in anticipation of demand.

Estimated Customer Demand

An approximation of the quantity of a product or service that customers will purchase in the foreseeable future.

Lean Environment

An approach to management that focuses on reducing waste and optimizing processes to achieve more efficient operations.