__________ Uses the Latest Information Technology That Allows Organisations to Maintain

question 88

Multiple Choice

__________ uses the latest information technology that allows organisations to maintain intense communication with customers as well as to gather and utilise data regarding the customers' needs and preferences.

• A) Value chain management
• B) Customer relationship management
• C) Supply chain management
• D) Total quality management
• E) Internal customer management

---

Definitions:

Fixed Exchange Rates

are currency exchange rates set and maintained by government policy, rather than fluctuating in response to market forces.

Independent Monetary Policy

This is a policy framework where a country's central bank has the autonomy to implement monetary policies, such as setting interest rates, without direct interference from the government, to achieve macroeconomic stability.

International Gold Standard

A monetary system in which countries tie the value of their currencies to a specific amount of gold, facilitating stable exchange rates and international trade.

Balance of Payments

A log detailing all financial interactions between a country's inhabitants and other global entities over a specific timeframe.