What Are the TWO Primary Techniques/philosophies Discussed in Chapter 8

question 4

Essay

What are the TWO primary techniques/philosophies discussed in Chapter 8 that are used to manage processes in the supply chain such that they'll meet the needs of customers today.Provide the prime objectives for each of the two techniques/philosophies.Also, for each technique, provide three elements used to achieve the prime objectives.

Assess the economic impact of currency movements on pricing and import/export attractiveness.

Explain how external financial shocks can affect the valuation of a currency.

Understand how currency appreciation and depreciation affect domestic product attractiveness to foreign markets.

Comprehend the principles of carry trade and its implications on international investment strategies.

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Definitions:

Motives

Internal states or desires that drive individuals to take actions towards achieving specific goals.

Subconscious

A part of the mind that influences thoughts and actions without one's full awareness.

Psychosexual Energy

in Freudian psychoanalysis, the driving force behind human behavior, stemming from the libido or sexual energy.

Libido

A term used in psychoanalytic theory to denote the energy associated with sexual instincts and drives.