Why is it important for business to know exchange rates?

1 answer:

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An exchange rate is essentially what its name implies: it is the rate at which one would need to exchange one’s currency for the currency of another country. These rates of exchange can change at a moment’s notice (or less) in currency markets where the currencies are freely floating.

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A is the best choice good luck

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Explanation: Patterns and relationships as indicated are discovered through a technique known as data mining, which is defined as the use of a variety of statistical analysis tools in marketing research to uncover previously unknown patterns in data or relationships among variables. It is also given as a technique for searching large scale databases for patterns; used mainly to find previously unknown correlations between variables that may be commercially useful.

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You are advising a local nonprofit on strategy. The nonprofit supports cancer research and relies entirely on donations. You rec

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E). Use inexpensive digital marketing tools to inform the community about an upcoming fundraising event.

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The 'use of inexpensive digital marketing tools for informing the community regarding the approaching fundraising event' would be the most appropriate and feasible for the non-profit organization as it would be the most reasonable for the firm. A big-budget expense on marketing the event would neither be affordable due to the small budget nor beneficial for such an organization. Thus, using inexpensive digital marketing would publicize the event on an affordable budget and prove helpful in gathering good collections in the event. Hence, option E is the correct answer.

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You are a project leader directed to provide the leadership of your organization with a potential idea(s) to increase productivi

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The correct answer is letter "B": Systems Thinking.

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Based on the ideas of British Scientific Manager Peter Checkland (born in 1930) in his book "Systems Thinking, Systems Practice" (1981), Systems Thinking is an analysis focusing on a system's parts and the way they interrelate to work among them over certain periods as a whole system. Systems Thinking is used in environmental, political, educational, and medical research.

The practice aims to evaluate each component's performance so feedback can be provided to asses the component to increase productivity.

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Compensation is not only the money you earn as a salary for the job you perform. It is the total amount of monetary (salary) and non-monetary benefits provided to an employee by his employer.

Non-monetary benefits include perks which aren't part of the salary but have real value for the employees.

The problem for small companies is that their pockets aren't as deep as corporate pockets, so they can offer limited compensation (both monetary and non-monetary).

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