Which of the Following Is NOT a Strategy for Australian

question 12

Multiple Choice

Which of the following is NOT a strategy for Australian exporters to cope with currency fluctuations when the dollar is strong?

• A) Stress price benefits.
• B) Shift sourcing overseas.
• C) Improve productivity and engage in cost reduction.
• D) Improve quality, delivery and after-sales service.
• E) Shift manufacturing offshore.

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Definitions:

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.

Net Income

The residual earnings of a company following the subtraction of all costs and taxes from its revenue.

Costing Method

An accounting approach used to value inventory and determine the cost of goods sold, which can vary, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus the cost of goods sold.