Answer:
The answer is C.
Explanation:
As the general price level decreases or falls, people will want to hold less money, so the interest rate falls.
As price level falls, value of money decreases because a unit of money will more of goods or services.
During this period people will want to hold less money because of the decrease in value and the excess money will be deposited in banks.
With this, the banks have more money to lend out and this will make the bank to reduce its Interest rate.
Step 5 in the marketing plan process is when a firm evaluates the outcome of the strategy and implementation process.
<h3>What is the marketing plan process?</h3>
This is the approach that is taken towards meeting the goals of marketing.
<h3>The steps includes</h3>
- Set the objectives
- Formulation of strategy
- control
- review
- analysis
Read more on the marketing plan process here:
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A business process reengineering involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times and quality.
<h3>What is a
business process reengineering?</h3>
This refers to the act of recreating a core business process with the goal of improving product output, quality or reducing costs. In most process, the process involves the analysis of company workflows, finding the processes that are sub-par or inefficient and figuring out ways to get rid of them or change them.
<h3 />
Hence, the business process reengineering involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times and quality.
Read more about business reengineering
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