From the Four Selections Below,identify Which Are Necessary to Develop $\quad$

question 122

Multiple Choice

From the four selections below,identify which are necessary to develop the value chain of a product or service.
1.Processes $\quad$$\quad$$\quad$ 3.Nonvalue-adding activities
2) Departments $\quad$$\quad$ 4.Value-adding activities

• A)1 and 3
• B)2 and 4
• C)1 and 4
• D)1 and 2

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Definitions:

Real Exchange Rate

The rate at which the currency of one country can be exchanged for the currency of another country, adjusted for inflation.

Nominal Exchange Rate

The price at which one currency can be exchanged for another currency, without adjustment for inflation.

Pesos

Pesos are the unit of currency in several countries, including Mexico and the Philippines.

Purchasing-Power Parity

An economic principle positing that currency exchange rates reach equilibrium when the purchasing power in both countries involved is equal.