Explain Why Fluctuations in Exchange Rates Have Significant Influence on the Balance

question 26

Essay

Explain why fluctuations in exchange rates have significant influence on the balance of trade.

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Definitions:

Competitive Measurements

Metrics and benchmarks used to evaluate an organization's performance relative to its competitors.

Human Resource Productivity

The measure of how effectively the human resource department and the overall workforce generate output or achieve goals relative to input.

Labour Expenses

Costs associated with compensating employees, including wages, salaries, benefits, and taxes.

Rightsizing

Adjusting the number of employees to fit the current needs of the organization, which may involve layoffs or hiring.