Category: Uncategorized

Cost leadership strategies aim to:

Strategic planning is important because it:

A firm’s core competencies refer to those activities that are easily matched by competitors.

Organizational structure determines:

Pegged exchange rates are most popular in larger, developed nations.

A localization strategy focuses on mass production of products to meet general tastes and preferences.

The architects of the Bretton Woods agreement wanted to avoid high unemployment, so they built the fixed exchange rate system and eliminated any flexibility.

A currency crisis occurs when there is a speculative attack on the exchange value of currency that results in a depreciation of the currency.

Under a fixed exchange rate system, a country’s ability to expand or contract its money supply as it sees fit is limited by the need to maintain exchange rate parity.

Learning effects have less impact when the task is technologically complex.