A manufacturer that makes products in plants located in European countries where the local currency is in euros and then exports these products to the United States
a. is competitively disadvantaged when the euro declines in value against the U.S. dollar.
b. is largely unaffected by fluctuating exchange rates between the euro and the U.S. dollar; it would, however, be affected if its plants were in the U.S.
c. becomes more competitive in selling its goods in other euro-based European countries when the euro declines in value against the U.S. dollar.
d. becomes more competitive in selling its goods in the U.S. market when the euro declines in value against the U.S. dollar.
e. has no interest in whether the euro grows stronger or weaker versus the U.S. dollar unless its chief competitors are other companies with production facilities located in euro-based European countries.