_________________ increases when individuals learn the most efficient ways to perform particular tasks and management learns how to manage the new operation more efficiently

Reengineering the company's value chain to achieve significant cost advantages can include which of the following?

a. reducing manufacturing capacity to lower fixed overhead costs b. reducing materials handling and shipping costs c. streamlining operations by eliminating low valued-added or unnecessary activities d. selling directly to consumers by circumventing distributors and dealers

Suppose a U.S. importer purchases an Italian product today but will not pay for it for 90 days. The

cost of the product today is 35,000 euros. The spot exchange rate today is .6233 euros per dollar. The importer creates a forward-market hedge. The 90-day forward rate is .6100 euros per dollar. The amount the U.S. importer will pay in 90 days is A) $56,667. B) $57,377. C) $56,153. D) $55,683.