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Answers to Business Final

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If a company believes the U.S. dollar is overvalued relative to the Japanese yen, the company expects the dollar to depreciate relative to the yen.
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A country with a high inflation rate should expect to see its currency depreciate against currencies of countries with lower inflation rates.
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Six sigma is a quality management technique that guarantees error-free products.
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The strategy, operations, and organization of a firm must all be consistent with each other if the firm is to attain a competitive advantage and achieve superior profitability.
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Economies that arise from performing a value creation activity in the optimal location are known as location economies.
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A firm's vertical differentiation determines where in its hierarchy the decision-making power is concentrated.
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The costs and risks associated with doing business in a foreign country are typically high in an economically advanced and politically stable democratic nation.
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Licensing increases a firm's ability to realize experience curve and location economies by producing the product in a centralized location.
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