Higher interest rates mean that if you invest money in a given currency, you will get a bigger return of this money. So higher interest rates attract people to this currency, especially to place their savings in this currency.
This will mean that people will buy this currency: the demand for it will increase, and with an increased demand, the value of the currency will increase.
So higher interest rates are a force that will lead to an increase of the value of this currency. Together with other forces that will lead to a decrease of this value, they will lead to a fluctuation in the exchange rate.
Six sigma principles apply to manufacturing as well as to public sector education.
These principles refer to the elimination of errors and improving the overall quality of a product or work. They can be very important in manufacturing, where everything has to be done precisely, but also in education where mistakes should be eliminated.
Answer:
d. technological change.
Explanation:
Endogenous growth theory can be defined as a theory which states that the growth of a company is directly related to its internal factors such as number of employees, policies, etc and not external factors.
Endogenous growth theory rejects the assumption of exogenous technological change.
Answer:
W. Edwards Deming
Explanation:
W. Edwards Deming is associated with the contributions to quality control in the field of operations management. He was engineer, professor, author and statistician. He is widely recognized as the leading management thinker and the father of TQM (Total Quality Management). He mainly focused on the quality related issues within an organisation, which certainly can lead an organization towards enhanced productivity. Quality controls helps an organisation to meet the highest levels of quality controls and standards which makes customer totally satisfied with the organisation's products at the lowest possible costs associated.
Answer:
Since marketing is the process of creating, communicating and delivering products to customers with the aim of satisfying their needs, the purpose of a marketing philosophy is to identify and fulfill those needs, as well as wants and demands.