Question

Why is it important for businesses to consider currency exchange rates?

A: they can dramatically impact profits.
B: Neither side can negotiate price if the currencies are different.
C: Determining costs requires complex formulas and an accountant.
D: They remain constant, so they need to be considered in the beginning.

Answer 1

Your answer would most likely be- A.)

Answer 2

A: they can dramatically impact profits.

this is due to the fact that selling something for 20000 dollars or 20000 eros is a major difference of $23,122.10 to $20,000 difference.