Which of the Following Is a Technological Factor That Affects

question 37

Multiple Choice

Which of the following is a technological factor that affects international business?

• A) Exchange rates that govern the business
• B) Relative factors costs in the locality
• C) Availability of a skilled labor pool
• D) Fixed costs of setting up a production plant

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Definitions:

EOQ Principles

Economic Order Quantity principles involve calculating the optimal order size to minimize the costs related to ordering, receiving, and holding inventory.

Operations

The activities and processes used to produce goods and services in an efficient and effective manner.

Interactive Effects

The combined impact on outcomes resulting from the interaction of two or more variables.

Mathematical Solution

The process or result of solving a problem or equation using mathematical methods and techniques.