Answer:
0.75
Explanation:
Given that
Exchange rate of NZ dollar to US dollar = 1.25
A pound of apple in US = 2
A pound of apple in NZ = 1
Recall that
Real exchange rate = nominal exchange rate × (domestic price of item ÷ foreign price of item)
= 1.5 × (1 ÷ 2)
= 1.5 × 0.5
= 0.75
Hence, real exchange rate = 0.75
The United States president Donald trump
Answer:
raise
Explanation:
In a market without price control, prices are determined by the forces of demand and supply. When price is below equilibrium price, market forces shift the price upward until equilibrium is reached.
If prices are above equilibrium price, market forces shift prices downward until equilibrium price is reached.
Equilibrium price is the price at which quantity supplied equals quantity demanded.
Answer:
determine how to support particular activities in ways that support the overall business strategy and competitive approach.
Explanation:
The primary role of a functional strategy is to determine how to support particular activities in ways that support the overall business strategy and competitive approach.
A strategy sets the overall direction for the business; it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.
A functional strategy refers to the action plan designed and established for the day to day operations and smooth running of functional areas in an organization such as procurement, account, sales, marketing, security etc.