Advances in communications and transportation technology have changed the internationalization tendencies of firms by ________
A) establishing a cultural presence in a foreign market prior to establishing a facility
B) providing accessible information about a product to customers but at a significantly higher cost
C) focusing primarily on the need for local intermediaries to sell products in foreign markets
D) reducing the risk and difficulty of doing business in markets with unfamiliar cultures
D
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Each entity in a supply chain should produce its own sales and operations plan independent of the other members in order to improve the overall cost performance in a supply chain
Indicate whether the statement is true or false.
Jennifer presents a business plan to her bank's loan officer that predicts net cash flows for the first three years of $10,000, $15,000, and $8,000 respectively
If these cash flows occur at the end of each year and the discount rate is 4%, what is the total present value of these cash flows? (Round to the nearest whole dollar) A) $29,397 B) $30,596 C) $35,683 D) $37,993 E) $31,114