Fill in the Blank(s)

question 10

Short Answer

Fill in the Blank(s)
-__________innovation focuses on harvesting the benefits of a continuous flow of small improvement ideas.

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Definitions:

Spot Exchange Rate

The current market price for exchanging one currency for another for immediate delivery.

Forward Exchange Rate

An agreed exchange rate for a currency to be exchanged at a future date, used in hedging and trading strategies.

Inflation Rates

The rate at which the cost of general goods and services inflates, consequently eroding the power to buy.

Relative Purchasing Power Parity

An economic theory that states the rates of change in price levels between two countries should equal the rate of change in the exchange rate between their currencies.