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Buying for Business by Christopher Barrat
Buying for Business by Christopher Barrat
A straightforward but thorough overview to supply and procurement is offered in Buying For Business. It provides straightforward and interesting information on the principles and practice of purchasing and supply management that will be very helpful to anyone in business who deals with suppliers, in contrast to the current literature, which is frequently academic in focus and unsuited to modern business readers. Mark Whitehead and Christopher Barrat, two authorities, provide comprehensive answers to all the major issues affecting purchasing in company today and provide guidance on everything from ethics to outsourcing. Case studies and benchmarking activities serve to demonstrate and reinforce the learning while diagrams, analytical tools, and pro-formas help with comprehension.
What is forex?
Quite simply, it’s the global market that allows one to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.
An exchange rate is the relative price of two currencies from two different countries.
You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!
You’ve exchanged one currency for another.
Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.
Currency Exchange
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.
It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.
Salepage : Buying for Business by Christopher Barrat
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